455 Freeport Pkwy, Coppell, TX 75019-3992

Property Details for 455 Freeport Pkwy

Year built

2020

Construction

TILT-UP CONCRETE

Lot size

2.22 lot acres

Zone code

Z123

Property type

Grocery and convenience stores

APN

186654500B2R10000

APU

186654500B2R10000

Description

This exceptional investment opportunity presents a brand-new, 2,600-square-foot Popeyes restaurant with a drive-thru, situated on a 1.02-acre lot in the affluent Dallas County suburb of Coppell, Texas. Built in 2024, this Class A property boasts a 20.1-year absolute NNN lease with a franchisee tenant, ensuring consistent cash flow. The lease features a 10% rent increase every five years, providing significant long-term growth potential. The property enjoys a prime location along a major retail corridor with over 114,000 vehicles passing daily, offering excellent visibility and accessibility. Its strategic placement near State Highway-121, I-35E, and I-635 ensures high traffic volume. Coppell's thriving economy, with a 21% population increase since 2010, now nearing 43,000 residents, and an average household income exceeding $131,000 within a one-mile radius, guarantees a strong customer base. The area is further enhanced by the presence of numerous corporate headquarters, business parks, and major retailers including Walmart, Target, and Dick's Sporting Goods. Proximity to Dallas-Fort Worth International Airport and Grapevine Mills mall adds to the property's desirability. The current Net Operating Income (NOI) is $155,000, resulting in a compelling 5.25% cap rate. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a rapidly growing market. The asking price is $2,952,381.

Location Insight

City

Coppell

County

Dallas

State

Texas

Longitude

-97.0196

Latitude

32.9792

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments