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Shopping Strip

Plano Parker Retail Plaza

1151 W Plano Pkwy, Plano, TX 75075

Listing Price: $3,000,000

Cap Rate
5.00%
Gross SF
13,436
Rentable SF
13,436
Price/Gross SF
$223.28
Lot Size
1.06 acres
Year Built
1979

Investment Overview

Plano Parker Retail Plaza is a well-maintained retail building situated in one of Dallas’ convenient locations, just west of I-75, approximately 30 minutes from downtown Dallas. Built in 1979, this 13,436-square-foot, Class B asset consists of a single-story retail center with surface parking.

Plano Parker Retail Plaza is a rare opportunity for an investor to acquire a solid, well-maintained retail asset with a strong demographic. The subject property has a five-mile estimated population of over 332,841 and an average one-mile income of over $119,121.

Investment Highlights

  • 100 Percent Occupied 13,436-Square-Foot, Class B, Retail Building
  • Offered Substantially Below Replacement Cost
  • All Tenants are on NNN Leases Offering Minimal Landlord Responsibilities
  • Staggered Leases in Place Offering a 3.9-Year WALT as of July 2024
  • Adjacent to Starbucks
  • Outstanding North Dallas Location with Easy Access to I-75 via West Parker Road
  • High-Income Area with a One-Mile Average Income Exceeding $119,121 and Densely Populated with 332,841 Residents Within Five-Miles
  • Population Growth of 19.3% Since 2010

Exclusively Listed By

Financing By

Shopping Strip

Plano Parker Retail Plaza

Listing Price: $3,000,000

Cap Rate
5.00%
Gross SF
13,436
Rentable SF
13,436
Price/Gross SF
$223.28
Lot Size
1.06 acres
Year Built
1979

Investment Highlights

  • 100 Percent Occupied 13,436-Square-Foot, Class B, Retail Building
  • Offered Substantially Below Replacement Cost
  • All Tenants are on NNN Leases Offering Minimal Landlord Responsibilities
  • Staggered Leases in Place Offering a 3.9-Year WALT as of July 2024
  • Adjacent to Starbucks
  • Outstanding North Dallas Location with Easy Access to I-75 via West Parker Road
  • High-Income Area with a One-Mile Average Income Exceeding $119,121 and Densely Populated with 332,841 Residents Within Five-Miles
  • Population Growth of 19.3% Since 2010

Investment Overview

Plano Parker Retail Plaza is a well-maintained retail building situated in one of Dallas’ convenient locations, just west of I-75, approximately 30 minutes from downtown Dallas. Built in 1979, this 13,436-square-foot, Class B asset consists of a single-story retail center with surface parking. Plano Parker Retail Plaza is a rare opportunity for an investor to acquire a solid, well-maintained retail asset with a strong demographic. The subject property has a five-mile estimated population of over 332,841 and an average one-mile income of over $119,121.

Exclusively Listed By

Financing By

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