Shopping Strip

Guitar Center - Alida Hospitality

2333 N Central Expy, Plano, TX 75074

Listing Price: $4,800,000

Cap Rate
7.73%
Gross SF
28,075
Rentable SF
28,075
Price/Gross SF
$170.97
Lot Size
3.00 acres
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a two-tenant, big box retail center in the desirable Dallas-Fort Worth suburb of Plano, Texas. The center is 100 percent occupied by Guitar Center and Alida Hospitality (Alida Restaurant Supply). Guitar Center has occupied the center since 1999 and has extended its term until 2026. Alida recently extended its original 10-year term an additional two years. Both leases are triple-net and have options for renewal. The building was originally constructed in 1990 and sits on three acres with ample paved parking. The subject property is located on the west side of North Central Expressway (U.S. Route 75), in between Park Boulevard and Parker Road. North Central Expressway is highly trafficked, with daily traffic counts exceeding 204,000. The property enjoys excellent access and visibility from the freeway of the building and two dedicated pylon signs. Dense retail lines the freeway, with many national and local retailers in the area including Target, At Home, Buy Buy Baby, Fiesta supermarket, Best Buy, Rooms to Go, Ross Dress for Less, Party City, Petsmart, Burlington, RaceTrac, In-N-Out Burgers, Steak ‘n Shake, Fuzzy’s Taco Shop, Bank of America, and others. The surrounding area has excellent demographics, with an affluent five-mile average household of more than $112,400 and a population exceeding 319,300 residents.

Investment Highlights

  • Two-Tenant, Big Box Retail Strip Center
  • Guitar Center is Long-Term Tenant Since 1999 and has Extended its Term until 2026
  • Alida Recently Extended its Original 10-Year Term for an Additional Two Years
  • Both Leases are Triple-Net
  • Freeway Location with Extremely High Traffic Counts of More than 204,000 Vehicles per Day

Exclusively Listed By

Shopping Strip

Guitar Center - Alida Hospitality

Listing Price: $4,800,000

Cap Rate
7.73%
Gross SF
28,075
Rentable SF
28,075
Price/Gross SF
$170.97
Lot Size
3.00 acres
Year Built
1990

Investment Highlights

  • Two-Tenant, Big Box Retail Strip Center
  • Guitar Center is Long-Term Tenant Since 1999 and has Extended its Term until 2026
  • Alida Recently Extended its Original 10-Year Term for an Additional Two Years
  • Both Leases are Triple-Net
  • Freeway Location with Extremely High Traffic Counts of More than 204,000 Vehicles per Day

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a two-tenant, big box retail center in the desirable Dallas-Fort Worth suburb of Plano, Texas. The center is 100 percent occupied by Guitar Center and Alida Hospitality (Alida Restaurant Supply). Guitar Center has occupied the center since 1999 and has extended its term until 2026. Alida recently extended its original 10-year term an additional two years. Both leases are triple-net and have options for renewal. The building was originally constructed in 1990 and sits on three acres with ample paved parking. The subject property is located on the west side of North Central Expressway (U.S. Route 75), in between Park Boulevard and Parker Road. North Central Expressway is highly trafficked, with daily traffic counts exceeding 204,000. The property enjoys excellent access and visibility from the freeway of the building and two dedicated pylon signs. Dense retail lines the freeway, with many national and local retailers in the area including Target, At Home, Buy Buy Baby, Fiesta supermarket, Best Buy, Rooms to Go, Ross Dress for Less, Party City, Petsmart, Burlington, RaceTrac, In-N-Out Burgers, Steak ‘n Shake, Fuzzy’s Taco Shop, Bank of America, and others. The surrounding area has excellent demographics, with an affluent five-mile average household of more than $112,400 and a population exceeding 319,300 residents.

Exclusively Listed By

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