New Construction NNN Investment
For Sale
Contact for pricing
8541 FM 423, Frisco, TX
New 1,925 SF construction on 1.13 acre site.
Property Size1,925 SF
Lot Size1.12 Acres
Price / SF$1,672
Days on Market869
Property Features for 8541 FM 423
General Information
Standard status
Active
Size
1,925 SF
Lot size
1.12 Acres
Property subtype
RETAIL
Listing Agency:
Secure Net Lease - Dallas
(214) 522-7200
Listed By:
Kyle Varni · License #707940
(469) 694-4189
Source:
Moodyscre
Added: Apr 25, 2024
Changed: Aug 14
Last Checked: Sep 10 at 11:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Secure Net Lease - Dallas
Investment Insights
Based on property information with market context.
This is a newly constructed 1,925 square foot building situated on a 1.13 acre site. The property is suitable for coffee shops, restaurants, retail, and specialty purposes. A new 15-year corporate absolute NNN lease is in place, featuring 10% rental increases every 5 years and four 5-year options to renew. The property benefits from its location on a signalized intersection of FM 423 and Old Newman Road, which experiences over 48,750 vehicles per day. The surrounding area has exceptional demographics, with a population exceeding 117,000 people and an average household income of over $183,000 within a 3-mile radius. It is less than 4 miles from the Fields West Development, a $10 billion project that includes the PGA Headquarters and Universal Studios Theme Park. The lease is backed by a corporate guaranty from Black Rock Coffee, recognized as one of America’s fastest-growing private companies. The property is located in Frisco, which is ranked as the #1 real estate market in the U.S. with a population of 219,587.
Key Highlights
- Brand new 2024 construction with a 15‑year corporate absolute NNN lease.
- Rare 1.13 acre parcel at a signalized intersection with over 48,750 vehicles per day.
- Located less than 4 miles from the $10B Fields West Development.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
42k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Groceries 13%
Dining 12%
Beauty & Spa 4%
7-Eleven
Shops & Services
16,699 visits/mo
0.4 miles
Shell
Shops & Services
8,351 visits/mo
0.5 miles
India Bazaar
Groceries
5,295 visits/mo
0.3 miles
Hollywood Feed
Shops & Services
3,804 visits/mo
0.4 miles
Papa John's Pizza
Dining
2,752 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- TeaLatte Bar — 8425 FM 423 #190, Frisco, TX 75034
- iSmoke Vapor Gallery — 279 Main St #138, Frisco, TX 75034
- Happy Morning — 1710 FM 423 Suite 100, Frisco, TX 75034
- Scooter's Coffee — 1654 FM423 #100, Little Elm, TX 75068
- Dumont Creamery & Cafe — 1951 FM 423 Ste 800, Frisco, TX 75034
Frequently Asked Questions
What type of property is this?
Coffee shop - New 1,925 SF construction on 1.13 acre site.
Where is this coffee shop located?
The property is located at 8541 FM 423 Frisco, TX.
What is the asking price?
The asking price for this property is $3,219,000.
What are key features of this property?
This property features: Brand new 2024 construction with a 15‑year corporate absolute NNN lease.; Rare 1.13 acre parcel at a signalized intersection with over 48,750 vehicles per day.; Located less than 4 miles from the $10B Fields West Development.
