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    409 S STATE HWY 78, Wylie, TX 75098

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    Brand-new drive-thru bank ground lease with Highway 78 frontage, full access points, and long-term corporate tenancy.

    Type:Retail
    Property size:
    3,000 SF
    Lot size:
    0.65 Acres
    Price / SF:
    $1,298/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 4:43 am

    Property Features for 409 S STATE HWY 78

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    0.65 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    2026

    We can help!

    Listing Contact
    Tommy Tucker

    Listing agent Tommy Tucker License #TX 543816

    Listing office SHOP Companies Dallas

    Listing date Jun 3, 2026

    Source Crexi

    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 SHOP Companies Dallas

    HighLights

    • Brand‑new 2026 construction 3,000 SF partial masonry drive‑thru bank branch on a +/−0.65‑acre ground lease site
    • 20‑year corporate ground lease with PNC Bank; tenant anticipated to open for business October 2026
    • 3‑lane drive‑thru with full access entry and exit on Highway 78
    • 10% rental escalations every 5 years plus four 5‑year renewal options
    • Highway 78 frontage with two‑sided pylon sign and highly visible signage access
    • Positioned just north of the Highway 78 and FM 544 intersection in Wylie, TX (about 35 minutes northeast of Downtown Dallas)

    Overview

    This offering is a brand-new 2026 construction drive-thru bank branch under a corporate ground lease. The property includes an approximately 3,000 SF partial masonry bank building and a three-lane drive-thru designed for bank access. The ground lease is structured with 10% rental escalations every five years and includes four additional five-year renewal options.

    The site is positioned on Highway 78 in Wylie, Texas, just north of the Highway 78 and FM 544 intersection. It sits on +/- 0.65 acres and benefits from excellent Highway 78 frontage with full entry and exit access. The property is also improved with a two-sided pylon sign for added visibility.

    The tenant is PNC Bank, a publicly traded company (NYSE: PNC), and the lease is described as a 20-year corporate ground lease. The opening is anticipated for October 2026. For investors seeking a single-tenant, long-duration ground lease with corporate tenancy and drive-thru functionality, this provides a straightforward retail-oriented banking location along a Highway 78 retail corridor.
    Location Intelligence

    Current Use by Public Records

    Banks

    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
    Wylie
    County
    Collin
    State
    Texas
    Longitude
    -96.5409
    Latitude
    33.0138

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    FAQs

    What type of property is this?
    Bank - Brand-new drive-thru bank ground lease with Highway 78 frontage, full access points, and long-term corporate tenancy.
    Where is this bank located?
    The property is located at 409 S STATE HWY 78 Wylie, TX.
    What is the asking price?
    The asking price for this property is $3,894,000.
    What are key features of this property?
    This property features: Brand‑new 2026 construction 3,000 SF partial masonry drive‑thru bank branch on a +/−0.65‑acre ground lease site; 20‑year corporate ground lease with PNC Bank; tenant anticipated to open for business October 2026; 3‑lane drive‑thru with full access entry and exit on Highway 78
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tommy Tucker
    Real Estate License ID: TX 543816
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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