1001 Preston Rd Plano, TX 75093

Property Details for 1001 Preston Rd

Year built

2007

Lot size

5.75 lot acres

Property size

52,536 SF

Zone code

LC

Property type

Commercial real estate

APN

R-2547-001-0010-1

APU

R254700100101

Description

This exceptional investment opportunity presents a 62,519-square-foot auto shop situated on a 5.75-acre lot in Plano, Texas. Located at the hard corner of Preston Road and President George Bush Turnpike, this property boasts unparalleled visibility and accessibility within the thriving DFW Metroplex. The property, recently renovated in 2021 and 2023, comprises six buildings and benefits from a high daily traffic count exceeding 272,336 vehicles. Its strategic location within a densely populated area, with over 119,517 residents within a 3-mile radius and 361,098 within 5 miles, ensures strong demand and high occupancy rates. Average household incomes within these radii are exceptionally high, at $132,177 and $119,158 respectively. The property offers a Net Operating Income (NOI) of $696,000, resulting in an attractive 5.16% capitalization rate. This NNN-leased property is offered at $13,500,000, presenting a rare infill opportunity in a prime location with significant growth potential. The property's size, location, and recent renovations make it an ideal investment for discerning buyers seeking a high-return asset in a dynamic market. The property's strong financial performance and prime location make it a compelling investment opportunity.

Location Insight

City

Plano

County

Collin

State

Texas

Longitude

-96.7966

Latitude

33.0139

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments