New Construction NNN Investment Property

8541 FM 423, Frisco, TX

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For Sale

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New 1,925 SF construction on 1.13 acre site.

Type:RETAIL

Property size:

1,925 SF

Lot size:

1.12 Acres

Price / SF:

$1,672/SF

HighLights

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.
Strong demographics with over 117,000 population and $183,000+ average household income within a 3 mile radius.
Corporate guaranty with high‑growth Black Rock Coffee.
10% rental increases every 5 years and (4) 5‑year options to renew.

We can help!

Listing Contact

Kyle Varni

Learn more

For Sale

Contact for pricing

New 1,925 SF construction on 1.13 acre site.

Type:RETAIL

Property size:

1,925 SF

Lot size:

1.12 Acres

Price / SF:

$1,672/SF

Added:: Apr 25, 2024
Days on Market:: 777
Last Refresh:: May 19 at 9:06 pm

Property Features for 8541 FM 423

General Information

Standard status: Active
Size: 1,925 SF
Lot size: 1.12 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Kyle Varni

Listing agent Kyle Varni

Listing office Secure Net Lease - Dallas

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

HighLights

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.
Strong demographics with over 117,000 population and $183,000+ average household income within a 3 mile radius.
Corporate guaranty with high‑growth Black Rock Coffee.
10% rental increases every 5 years and (4) 5‑year options to renew.

Overview

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

Suggested Use

Similar Places Nearby

Starbucks — 1425 W University Dr US-380, Frisco, TX 75033
Starbucks — 4650 W University Dr, Prosper, TX 75078
Dutch Bros Coffee — 651 University Dr, Frisco, TX 75033
Cookie Co. Frisco — 2155 W University Dr Ste 140, Frisco, TX 75033
Black Rifle Coffee Company — 16599 FM 423, Frisco, TX 75033

Location Insight

Map
Local Demand

City: Frisco
County: Collin
State: Texas
Longitude: -96.8909
Latitude: 33.1587

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For sale
Coffee shops
TX
Frisco
8541 FM 423

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.

8541 FM 423, Frisco, TX

New 1,925 SF construction on 1.13 acre site.

Property Features for 8541 FM 423

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Medical Office Corner Building

Renovated Professional Office Building

Multi-Tenant Retail Center

Turnkey Childcare Facility with Playground

Leased Office Unit with Stabilized Income

High-Visibility Retail and Medical Shell

Move-In Ready Office Condominium

Corner Retail Property with Existing 1940 Structure

Updated Full Duplex Opportunity

Updated Duplex Investment Opportunity

Move-In Ready Private Office Condo Suite

Retail Office Condo with Private Offices

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