Restaurant
Black Rock Coffee Bar (Absolute Net)
710 W Parker Rd, Plano, TX 75075
Listing Price: $1,800,000
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.
Black Rock Coffee Bar (Absolute Net)
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
Listing Price: $1,800,000
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
