8541 FM 423 Frisco, TX
Call to check price and availability
New 1,925 SF construction on 1.13 acre site.
Type:RETAIL
Property size:
1,925 SFLot size:
1.12 AcresPrice / SF:
$1,672/SF- Added:
- Apr 25, 2024
- Days on Market:
- 731
- Last Refresh:
- Apr 5 at 11:18 pm
Property Features for 8541 FM 423
General Information
- Standard status
- Active
- Size
- 1,925 SF
- Lot size
- 1.12 Acres
- Property subtype
- RETAIL
Listing agent Kyle Varni (469) 694-4189
Listing office Secure Net Lease - Dallas (469) 694-4189
Listing date Apr 25, 2024
Source Moodyscre
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
Overview
New Construction NNN Investment Property
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.
Location Intelligence
Current Use by Public Records
Coffee shops
Similar Places Nearby
- Starbucks — 5550 FM 423, Frisco, TX 75034
Location Insight
- Map
- Local Demand
- City
- Frisco
- County
- Collin
- State
- Texas
- Longitude
- -96.8909
- Latitude
- 33.1587
Nearby Similar for Sale
FAQs
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.
