714 Main St Allen, TX 75002-3119

Property Details for 714 Main St

Year built

2007

Lot size

1.31 lot acres

Property size

4,478 SF

Zone code

SHOPPING CENTER

Property type

Commercial real estate

APN

R-8202-000-0030-1

APU

R820200000301

Description

This exceptional investment opportunity presents a fee-simple ownership of a 5,678 square foot Chicken Express restaurant in Allen, Texas. The property boasts a strong 5.75% cap rate and a 15-year absolute NNN sale-leaseback with three 5-year renewal options. The lease includes 10% rental increases every five years, providing built-in inflation protection and consistent NOI growth. Located on East Main Street, a high-traffic area averaging 34,200 vehicles per day, the property benefits from excellent visibility and proximity to US Highway 75 (184,000 VPD). The 1.31-acre lot includes 34 parking spaces. The property's strategic location within a dense retail corridor, alongside national tenants like Hobby Lobby, Walgreens, and Staples, ensures strong consumer traffic. Furthermore, its proximity to Allen High School and Ford Middle School adds to its appeal. The surrounding 5-mile trade area boasts a population exceeding 245,000 residents and 76,000 employees, with an average household income of $161,952 within a 3-mile radius. Built in 2007, the property is zoned PD - Planned Development and includes a 1,200 square foot office building. This is a truly passive, management-free investment opportunity with significant upside potential. The property's strong tenant, Chicken Express, is a growing brand with over 250 locations across multiple states. This offering presents a rare chance to acquire a high-performing, well-located QSR property with a secure long-term lease.

Location Insight

City

Allen

County

Collin

State

Texas

Longitude

-96.656

Latitude

33.1

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments