8541 Fm 423 Frisco, TX 75034

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.