Investment Overview

Marcus & Millichap is pleased to exclusively present for sale Premier Dr Development located at 3320 Premier Drive in Plano, Texas. The subject property features 1.05 acres (45,572 square-feet) of land ideal for new retail or office development. The current zoning is Corridor Commercial (CC), which according to the city of Plano zoning districts and uses, is intended to provide for retail, service, office, and limited manufacturing uses within major regional transportation corridors. The regulations and standards of this district are reflective of the high traffic volumes and high visibility of these regional highways.

Plano, Texas is the largest city in Collin County and boasts a thriving economy, award-winning schools, over 1,000 restaurants, and is recognized as one of the safest and most desirable places to live and work. There are five major business parks in Plano, which also home to multiple Fortune 500 company headquarters, including Samsung, State Farm, Hewlett Packard Enterprises, PepsiCo, and many more. Plano was named one of the Safest Cities in America and Best Run Cities in America. (www.plano.gov)

The site is located just off of the heavily traveled North Central Expressway, which extends from Woodall Rogers freeway in Dallas, Texas to the Sam Rayburn Tollway in McKinney, Texas. The North Central Expressway also travels through popular districts including Uptown, Cityplace, Lower Greenville, NorthPark Center, and the Telecom Corridor. Additionally, the property is located adjacent to the new Legacy Central redevelopment project.

Overall, Premier Dr Development provides a new developer the opportunity to provide a new retail or office development proximate to new hotel, retail, and office developments with convenient access to major thoroughfares such as North Central Expressway. With an average household income of within a -mile radius. the subject property allows the potential to be a part of the strong demographics in the area with the potential to capture rising rents in one of the Dallas-Fort Worth Metroplex's top suburban markets.