Preston & Broadway
SEC of Preston Road and Broadway, Plano, TX 75024
Marketing description
DuWest Realty Investment Services is proud to present an exceptional opportunity to acquire Preston and Broadway, a two-tenant retail property located at the strategically significant southeast corner of Preston Road and Broadway in Plano, Texas. This newly constructed asset benefits from its prime positioning along Preston Road, one of the Dallas-Fort Worth area's busiest thoroughfares, which sees an impressive daily traffic volume of 63,306 vehicles. With its contemporary design and high visibility, the property not only serves the immediate community but also attracts a steady flow of potential customers from the affluent neighborhoods surrounding it.
Situated within the heart of North Dallas' Corporate Headquarters corridor, Preston and Broadway offers significant advantages for both operators and investors. The locale is enriched by a robust demographic profile, characterized by high income levels and strong consumer spending power, making it an ideal destination for retail ventures. Additionally, the ongoing development and growth in this area bode well for future appreciation and increased foot traffic. Investors will appreciate the dual-tenant structure, providing stable cash flow and diverse income streams, positioning this property as a compelling addition to any commercial real estate portfolio.
Investment highlights
- Brand New Construction, Multi-Tenant Retail
- Infill Plano Location Amongst Fortune 500 HQs
- 10 Year Terms with Annual Contractual Rent Growth
- Average Home Value $666,863 (within 1 mile)
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