701 W 15th St, Plano, TX 75075

This property offers a single-tenant Angie’s drive-thru investment opportunity. It features a brand-new 20-year absolute triple net (NNN) lease with 2% annual rental increases. Angie’s Food Concepts operates as a vertically integrated quick-service restaurant company, offering high-quality food at affordable prices under four brands: Angie's Prime Grill, Angie's Lobster, Angie's Burger, and Angie's Chicken. The property features all four concepts, deemed an Angie's Super Store. Angie's currently operates approximately 20 stores across Arizona, Nevada, and Texas, with dozens more planned or under development. The property is located as an outparcel to Creekwalk Village, a 169,484 square foot shopping center anchored by several major retailers. Positioned on a hard corner at a lighted intersection, it offers frontage and visibility off 15th St, with traffic volume of approximately 27,866 vehicles per day, and is just east of US Route 75, with traffic volume of approximately 195,020 vehicles per day. Directly across the street is the Collin Creek Mall redevelopment. This $1B redevelopment, which began vertical construction in late 2023, will include approximately 1.3 million square feet of class-A office space, approximately 2,300 multi-family units, approximately 500 single-family homes, approximately 200 hotel rooms, and hundreds of thousands of additional square feet for retail and restaurant space. The location benefits from strong demographics, with a total population of approximately 116,214 and an average household income of approximately $122,182 in a 3-mile radius. The property size is 3,128 square feet.