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Restaurant

Black Rock Coffee Bar (Absolute Net)

710 W Parker Rd, Plano, TX 75075

Listing Price: $1,800,000

Cap Rate
5.00%
Tenant Name
Black Rock Coffee Bar
Years Remaining On Lease
14.4
Gross SF
2,014
Guarantor
Corporate Guarantee
Rentable SF
2,014
Price/Gross SF
$893.74
Lease Type
Absolute Net
Rent Per Square Feet
$44.69

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Black Rock Coffee Bar in Plano, Texas. The property consists of a 2,014 -square-foot, freestanding building that sits on approximately 0.51 acres of land. The tenant signed a new 15-year lease, with 10 percent rental escalations scheduled every five years, as well as each option thereafter.

Investment Highlights

  • New 15-Year Absolute Net Lease with Corporate Guarantee
  • West Parker Road Location with Easy Access to I-75 (Combined Traffic Counts Exceed 228,610 VPD)
  • 36% Population Growth Since 2000 and 7.5% Projected Growth in the Next Five Years Within a Five-Mile Radius
  • 2022 Renovation with a Drive-Thru
  • Fast-Growing Coffee Chain with More than 100 Stores Operating Across 7 States
  • 320,865 Residents and an Average Household Income of $128,611 Within a Five-Mile Radius

Exclusively Listed By

Restaurant

Black Rock Coffee Bar (Absolute Net)

Listing Price: $1,800,000

Cap Rate
5.00%
Tenant Name
Black Rock Coffee Bar
Years Remaining On Lease
14.4
Gross SF
2,014
Guarantor
Corporate Guarantee
Rentable SF
2,014
Price/Gross SF
$893.74
Lease Type
Absolute Net
Rent Per Square Feet
$44.69

Investment Highlights

  • New 15-Year Absolute Net Lease with Corporate Guarantee
  • West Parker Road Location with Easy Access to I-75 (Combined Traffic Counts Exceed 228,610 VPD)
  • 36% Population Growth Since 2000 and 7.5% Projected Growth in the Next Five Years Within a Five-Mile Radius
  • 2022 Renovation with a Drive-Thru
  • Fast-Growing Coffee Chain with More than 100 Stores Operating Across 7 States
  • 320,865 Residents and an Average Household Income of $128,611 Within a Five-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Black Rock Coffee Bar in Plano, Texas. The property consists of a 2,014 -square-foot, freestanding building that sits on approximately 0.51 acres of land. The tenant signed a new 15-year lease, with 10 percent rental escalations scheduled every five years, as well as each option thereafter.

Exclusively Listed By

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