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Restaurant

Popeyes w/ Dr-Thru | Dallas-Fort Worth MSA | 20 Yr Abs. Net Lease | Pad to Sam's Club | Hard Corner

1200 Spring Creek Pkwy, Plano (DFW Metro), TX 75023

Listing Price: $3,100,000

Cap Rate
5.00%
Tenant Name
Popeyes
Years Remaining On Lease
20.0
Gross SF
2,535
Guarantor
Franchisee Guarantee
Rentable SF
2,535
Price/Gross SF
$1,222.88
Lease Type
Absolute Net
Rent Per Square Feet
$61.14

Investment Overview

Plano, Texas, is a thriving suburb within the Dallas-Fort Worth Metroplex, blending a family-friendly atmosphere with a bustling corporate scene. With a population exceeding 280,000, Plano has earned a reputation for its high quality of life, exceptional schools, and a range of amenities that attract families and professionals alike. The city’s appeal lies in its balance of residential neighborhoods, recreational parks, and corporate hubs, making it one of the Metroplex’s standout communities.

Education is central to Plano’s identity, with the Plano Independent School District highly rated statewide. This emphasis on education has made Plano a desirable city for families, and it fosters an engaged, community-oriented environment. In terms of recreation, Plano offers multiple parks and trails, like Arbor Hills Nature Preserve and Oak Point Park and Nature Preserve, providing scenic spots for outdoor activities that appeal to residents across age groups.

Plano is also a significant corporate center, with numerous headquarters and regional offices, such as Toyota North America, Liberty Mutual, and Frito-Lay. This corporate presence fuels a robust economy and brings a steady stream of professionals, contributing to the city’s vibrancy and weekday foot traffic.

The city’s dining and entertainment options are diverse, with areas like The Shops at Legacy and Legacy West offering upscale shopping, restaurants, and nightlife. These districts, along with annual community events and festivals, give residents and visitors plenty to explore. Additionally, Plano is conveniently located just 20 miles north of downtown Dallas, allowing easy access to big-city amenities without sacrificing its suburban charm.

With its strong economy, excellent schools, and a mix of recreational options, Plano continues to attract people seeking a well-rounded lifestyle and a welcoming community.

Investment Highlights

  • 20 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2024 High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Retail and Traffic Corridor. Signalized Hard Corner - Features Easy Access & Excellent Visibility with Daily Combined Traffic Counts Exceeding 65k Vehicles.
  • Tremendous Market Demographics with Rapid Growth - Densely Populated Affluent Area: Features an Average Household Income of more than $127k and over 329k People Residing within a 5-Mile Radius.
  • Strong Daytime Employment Area - Near Numerous Established Business Parks, Medical and Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants. Highest Concentration of Technology workers in the greater Dallas Area – 1.9M Total Labor Force within a 30-Minute Commute.
  • Between 2000 and 2023, Plano, Grew Steadily srom 222,030 to 290,000 Residents, a 30.6% increase, Reflecting its Appeal as a Stable, Affluent City with Top Schools, Jobs, and Quality of Life.
  • Pad to Sam's Club (1.7+ Million Annual Visitors) and Across Raising Cane's. Near Numerous other National Retailers including Walmart Supercenter, Lowe's, Academy Sports, Costco, Target, Ross, PetSmart, Best Buy and many more.
  • A Short Drive from $1 Billion Redevelopment of Collin Creek Mall - transforming it into a Pedestrian-Friendly, Mixed-use Lifestyle District, Combining Retail, Dining, Entertainment, and Business Spaces, along with a Four-Star Hotel.
  • Minutes from the Telecom Corridor - 25M Sq.Ft. of office space and accounts for over 130k jobs. More than 5,700 Companies, including 600 Technology Companies are Headquartered in the Area, including Significant players such as AT&T, Alcatel-Lucent, Ericsson, Verizon, Samsung, Texas Instruments, and MetroPCS.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Restaurant

Popeyes w/ Dr-Thru | Dallas-Fort Worth MSA | 20 Yr Abs. Net Lease | Pad to Sam's Club | Hard Corner

Listing Price: $3,100,000

Cap Rate
5.00%
Tenant Name
Popeyes
Years Remaining On Lease
20.0
Gross SF
2,535
Guarantor
Franchisee Guarantee
Rentable SF
2,535
Price/Gross SF
$1,222.88
Lease Type
Absolute Net
Rent Per Square Feet
$61.14

Investment Highlights

  • 20 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2024 High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Retail and Traffic Corridor. Signalized Hard Corner - Features Easy Access & Excellent Visibility with Daily Combined Traffic Counts Exceeding 65k Vehicles.
  • Tremendous Market Demographics with Rapid Growth - Densely Populated Affluent Area: Features an Average Household Income of more than $127k and over 329k People Residing within a 5-Mile Radius.
  • Strong Daytime Employment Area - Near Numerous Established Business Parks, Medical and Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants. Highest Concentration of Technology workers in the greater Dallas Area – 1.9M Total Labor Force within a 30-Minute Commute.
  • Between 2000 and 2023, Plano, Grew Steadily srom 222,030 to 290,000 Residents, a 30.6% increase, Reflecting its Appeal as a Stable, Affluent City with Top Schools, Jobs, and Quality of Life.
  • Pad to Sam's Club (1.7+ Million Annual Visitors) and Across Raising Cane's. Near Numerous other National Retailers including Walmart Supercenter, Lowe's, Academy Sports, Costco, Target, Ross, PetSmart, Best Buy and many more.
  • A Short Drive from $1 Billion Redevelopment of Collin Creek Mall - transforming it into a Pedestrian-Friendly, Mixed-use Lifestyle District, Combining Retail, Dining, Entertainment, and Business Spaces, along with a Four-Star Hotel.
  • Minutes from the Telecom Corridor - 25M Sq.Ft. of office space and accounts for over 130k jobs. More than 5,700 Companies, including 600 Technology Companies are Headquartered in the Area, including Significant players such as AT&T, Alcatel-Lucent, Ericsson, Verizon, Samsung, Texas Instruments, and MetroPCS.

Investment Overview

Plano, Texas, is a thriving suburb within the Dallas-Fort Worth Metroplex, blending a family-friendly atmosphere with a bustling corporate scene. With a population exceeding 280,000, Plano has earned a reputation for its high quality of life, exceptional schools, and a range of amenities that attract families and professionals alike. The city’s appeal lies in its balance of residential neighborhoods, recreational parks, and corporate hubs, making it one of the Metroplex’s standout communities. Education is central to Plano’s identity, with the Plano Independent School District highly rated statewide. This emphasis on education has made Plano a desirable city for families, and it fosters an engaged, community-oriented environment. In terms of recreation, Plano offers multiple parks and trails, like Arbor Hills Nature Preserve and Oak Point Park and Nature Preserve, providing scenic spots for outdoor activities that appeal to residents across age groups. Plano is also a significant corporate center, with numerous headquarters and regional offices, such as Toyota North America, Liberty Mutual, and Frito-Lay. This corporate presence fuels a robust economy and brings a steady stream of professionals, contributing to the city’s vibrancy and weekday foot traffic. The city’s dining and entertainment options are diverse, with areas like The Shops at Legacy and Legacy West offering upscale shopping, restaurants, and nightlife. These districts, along with annual community events and festivals, give residents and visitors plenty to explore. Additionally, Plano is conveniently located just 20 miles north of downtown Dallas, allowing easy access to big-city amenities without sacrificing its suburban charm. With its strong economy, excellent schools, and a mix of recreational options, Plano continues to attract people seeking a well-rounded lifestyle and a welcoming community.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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