1151 Parker Rd Plano, TX 75023

This exceptional investment opportunity presents a 13,436-square-foot, Class B retail shopping center in Plano, Texas. Located at 1151 W Parker Rd, 75023, this single-story, 1979-built property sits on a 1.06-acre lot and boasts 100% occupancy across four tenant spaces. The property features a Net Lease (NNN) structure with staggered leases, providing a 4.0-year weighted average lease term (WALT) as of July 2024, and includes rent bumps. Minimal landlord responsibilities are required due to the NNN lease agreements. Situated in a high-income area, the property benefits from a strong demographic profile, with an average one-mile income exceeding $119,121 and a five-mile population of over 332,841, reflecting a 19.3% population growth since 2010. The convenient location offers easy access to I-75 via West Parker Road, placing it approximately 30 minutes from downtown Dallas and near DFW International Airport. The property is adjacent to a Starbucks, further enhancing its appeal and visibility. This well-maintained asset is offered substantially below replacement cost, making it an attractive investment opportunity. The Collin County property's APN is R207074.