5028 W Park Blvd, Plano, TX

Listing agent Michael Crovetti Show Phone

Listing office STRIVE Show Phone

Listing date Sep 27, 2024

Source Moodyscre

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Plano

County

Collin

State

Texas

Longitude

-96.7987

Latitude

33.027

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FAQs

What type of property is this?

Retail space - Long-term NNN lease in high-traffic Plano retail corridor.

Where is this retail space located?

The property is located at 5028 W Park Blvd Plano, TX.

What is the asking price?

The asking price for this property is $8,160,000.

What are key features of this property?

This property features: Long‑Term NNN Lease – Zero Landlord Responsibility; Strong Corporate Guarantee; Excellent Location in a Dense Retail Corridor with Access to Preston Road