4010 Plano Pkwy Plano, TX 75093-5613

Property Details for 4010 Plano Pkwy

Year built

1982

Lot size

0.92 lot acres

Property size

7,392 SF

Zone code

LI-1

Property type

Commercial real estate

APN

R-0480-001-0010-1

APU

R048000100101

Description

Exceptional investment opportunity: a 7,769 square foot Class A auto shop in Plano, Texas, featuring a 25-year absolute NNN lease with Davenport Motor Company, a well-established business operating since 1996. The lease, commencing February 20, 2025, boasts a 7.00% cap rate and a strong $180,000 annual net operating income (NOI). The property, built in 1982 and renovated in 2007, sits on a 0.92-acre lot at a prime location: 4010 W Plano Pkwy, Plano, TX 75093. The lease includes a corporate guarantee and 7.5% rent bumps every five years, along with four (4) five (5) year lease options. The tenant, Davenport Motor Company, plans to expand to over 10 units in the Dallas-Fort Worth area, demonstrating commitment to the brand and location. This single-tenant, 100% occupied property offers a secure, low-maintenance investment with significant upside potential due to the tenant's growth strategy and the property's location in a rapidly growing area of Collin County, which experienced a 41.8% population increase from 2010 to 2022. The property benefits from high traffic counts exceeding 72,000 cars daily on a nearby intersection and over 24,000 cars daily on the property's frontage road. Surrounding businesses include a large apartment complex, a private high school, and a major medical facility, ensuring consistent customer traffic. The asking price is $2,571,428, translating to $330.99 per square foot. This is a fee-simple investment with zero landlord responsibilities.