NNN-Leased Commercial
405 S Central Expressway, Allen, TX 75013
For Sale
New
$1,800,000
CommercialSale, Allen, TX
Property Size4,064 SF
Lot Size1.27 Acres
Price / SF$442.91
Days on Market2
Property Features for 405 S Central Expressway
General Information
Property type
Property subtype
Zoning description
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Tonia Stevens Real Estate GRP
(469) 732-8132
Listed By:
Tonia Stevens · License TX #0634650
(318) 347-3332
Added: Nov 11
Last Checked: Nov 12 at 9:06AM
MLS# 21433913
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,064-square-foot commercial property occupies a 1.27-acre parcel and was built in 1999. Central heating and air conditioning serve the building, with public water and sewer available. A recently executed triple-net lease has a five-year term, 4% annual rent escalations, and one five-year renewal option that continues the 4% increases.
The property is located at 405 S Central Expressway in Allen, Texas.
The property is located at 405 S Central Expressway in Allen, Texas.
Key Highlights
- Newly signed five year triple net lease
- 4% annual escalations during the initial term and renewal option
- One five year renewal option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,062
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,401,240
$1.4M
Cap Rate 7%
$1,000,886
$1.0M
Cap Rate 9%
$778,467
$778.5K
Market Conditions
NOI Build-Up for 4,064 SF
Gross rent
$98.0K $24.12/SF
− Vacancy
−$4.6K −$1.13/SF
EGI
$93.4K $22.99/SF
− OpEx
−$23.4K −$5.75/SF
NOI
$70.1K $17.24/SF
Area
Allen, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,401,240
Cap Rate 7%
$1,000,886
Cap Rate 9%
$778,467
Alternative Uses
Best Use
Specialty Retail
$1.00M
$875.8K – $1.17M
NOI $70,062 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.08M
$942.6K – $1.26M
NOI $75,405 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,076
Businesses Nearby
351k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 18%
Superstores 17%
Home Improvements & Furnishings 15%
Target
Superstores
61,315 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
49,740 visits/mo
0.3 miles
McDonald's
Dining
34,774 visits/mo
0.2 miles
Chili's Grill & Bar
Dining
20,335 visits/mo
0.3 miles
Petco
Shops & Services
19,486 visits/mo
0.4 miles
Demographics for 75013, TX
48,360
Population
18,341
Households
2.6
Avg Household Size
37
Median Age
65%
College-Educated
97%
High-School Grad
15.0 sq mi
ZIP Area
3,224
Density / Sq Mi
$151,618
Median Household Income
$77,367
Median Earnings
$1,810
Median Rent
$561,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for NNN properties in Collin County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - A five-year term provides scheduled rent increases and a five-year renewal option.
Where is this nnn property located?
The property is located at 405 S Central Expressway Allen, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Newly signed five year triple net lease; 4% annual escalations during the initial term and renewal option; One five year renewal option
