5028 W Park Blvd Plano, TX 75074

This property features a long-term NNN lease with zero landlord responsibility. The lease includes 10% rent escalations every five years in the primary term and in options. A strong corporate guarantee is in place, supported by a strong, experienced operator with a proven track record in the prestigious Willow Bend area of Plano, Texas. The property is a pad site to a Market Street grocery store on the main corner of Plano. The location is excellent, situated in a dense retail corridor within a high-demographic area with access to Preston Road. The surrounding national retailers include Starbucks, Whole Foods, Trader Joe’s, Chipotle, Marshalls, Ulta, and Studio Movie Grill, among others. Traffic counts along W Park Blvd and Preston Rd exceed 26,000 and 49,000 vehicles per day, respectively. The population within a three-mile radius has grown 52% in the past few years, and the household income within a one-mile radius is 1.5 times the national average. The property size is 11376 square feet.