Bank

Prime Real Estate Opportunity (Simmons Bank Backing) | DFW Metro | Strong Demo's | Abs. Net Lease

16300 TX-121, Frisco (Dallas-Fort Worth MSA), TX 75035

Listing Price: $6,906,250

Cap Rate
6.00%
Tenant Name
Simmons Bank
Years Remaining On Lease
9.40
Gross SF
8,348
Guarantor
Corporate Guarantee
Rentable SF
8,348
Price/Gross SF
$827.29
Lease Type
Absolute Net
Rent Per Square Feet
$49.64

Investment Overview

Frisco is a city in Collin and Denton counties in Texas. It is part of the Dallas–Fort Worth metroplex, and is approximately 25 miles from both Dallas Love Field and Dallas/Fort Worth International Airport. Frisco was the fastest-growing city in the United States in 2017, and also the fastest-growing city in the nation from 2000 to 2009. In the late 1990s, the northern Dallas-Fort Worth metroplex suburban development tide hit the northern border of Plano and spilled into Frisco, sparking rapid growth into the 2000s. Like many of the cities in the northern suburbs of Dallas, Frisco serves as a bedroom community for professionals who work in the Dallas-Fort Worth metroplex.

Investment Highlights

  • Absolute Net Lease (Zero Landlord Obligations). Former Urgent Care Facility Built in 2016. Large Lot Size with Ample Parking. Prime Real Estate Opportunity - Highly Desirable Dallas-Fort Fort Location
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access & Excellent Visibility at a Signalized Hard Corner to Daily Combined Traffic Counts Exceeding 56k Vehicles.
  • Pad to a Walmart Supercenter & Across from McKinney Towne Crossing - A Target and Lowe's Anchored Regional Power Center that Includes Numerous other National Retailers, Restaurants & a Movie Theater.
  • In Close Proximity to Craig Ranch - A 2,000 Acre Master-Planned Community (Built & Under Construction) Featuring a Town Center w/ Business and Residential Lofts, Cafe's, Boutiques, a Hotel & Resort, Golf Course & 5,000 Homes.
  • Densely Populated Affluent Area: Features an Average Household Income of $161k+ (Twice the National Average) within a 1-Mile Radius and over 330k People Residing within a 5-Mile Radius.
  • Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Development Under Construction. Frisco is one the Fastest-Growing Cities in the Nation.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    License(s): TX: 0606255

    Texas

Bank

Prime Real Estate Opportunity (Simmons Bank Backing) | DFW Metro | Strong Demo's | Abs. Net Lease

Listing Price: $6,906,250

Cap Rate
6.00%
Tenant Name
Simmons Bank
Years Remaining On Lease
9.40
Gross SF
8,348
Guarantor
Corporate Guarantee
Rentable SF
8,348
Price/Gross SF
$827.29
Lease Type
Absolute Net
Rent Per Square Feet
$49.64

Investment Highlights

  • Absolute Net Lease (Zero Landlord Obligations). Former Urgent Care Facility Built in 2016. Large Lot Size with Ample Parking. Prime Real Estate Opportunity - Highly Desirable Dallas-Fort Fort Location
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access & Excellent Visibility at a Signalized Hard Corner to Daily Combined Traffic Counts Exceeding 56k Vehicles.
  • Pad to a Walmart Supercenter & Across from McKinney Towne Crossing - A Target and Lowe's Anchored Regional Power Center that Includes Numerous other National Retailers, Restaurants & a Movie Theater.
  • In Close Proximity to Craig Ranch - A 2,000 Acre Master-Planned Community (Built & Under Construction) Featuring a Town Center w/ Business and Residential Lofts, Cafe's, Boutiques, a Hotel & Resort, Golf Course & 5,000 Homes.
  • Densely Populated Affluent Area: Features an Average Household Income of $161k+ (Twice the National Average) within a 1-Mile Radius and over 330k People Residing within a 5-Mile Radius.
  • Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Development Under Construction. Frisco is one the Fastest-Growing Cities in the Nation.

Investment Overview

Frisco is a city in Collin and Denton counties in Texas. It is part of the Dallas–Fort Worth metroplex, and is approximately 25 miles from both Dallas Love Field and Dallas/Fort Worth International Airport. Frisco was the fastest-growing city in the United States in 2017, and also the fastest-growing city in the nation from 2000 to 2009. In the late 1990s, the northern Dallas-Fort Worth metroplex suburban development tide hit the northern border of Plano and spilled into Frisco, sparking rapid growth into the 2000s. Like many of the cities in the northern suburbs of Dallas, Frisco serves as a bedroom community for professionals who work in the Dallas-Fort Worth metroplex.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    License(s): TX: 0606255

    Texas

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