710 Parker Rd Plano, TX 75075-2337

Property Details for 710 Parker Rd

Year built

1974

Lot size

0.51 lot acres

Property size

1,896 SF

Zone code

LC

Property type

Commercial real estate

APN

R-0452-001-0010-1

APU

R045200100101

Description

This exceptional investment opportunity presents a fee-simple interest in a Black Rock Coffee Bar located at 710 W Parker Rd, Plano, TX. The 2,014 square foot quick-service restaurant, completely renovated in 2022, includes a drive-thru and boasts a prime location in a high-traffic retail corridor. The property sits on a 0.51-acre lot and benefits from excellent visibility and accessibility, with approximately 46,600 vehicles passing daily. The absolute NNN lease with a corporate guarantee provides significant investor security, featuring a 12.6-year remaining term (expiring June 30, 2037) and three 5-year renewal options. Rent increases by 10% every five years. The property's strong financials include a $1,800,000 asking price, a 5.00% cap rate, and a net operating income (NOI) of $90,000. The building was constructed in 1974 and underwent a comprehensive renovation in 2022. This location is surrounded by national retailers such as Target, Costco, and Best Buy, further solidifying its position in a thriving commercial area. Plano's robust demographics and consistent growth make this a compelling investment in a premier Dallas-Fort Worth suburb. The property's strategic placement near major thoroughfares like Central Expressway (US Hwy 75) and President George Bush Turnpike (SH 190) ensures high visibility and accessibility. This offering presents a rare chance to acquire a high-quality, income-producing asset with significant long-term potential.