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Shopping Strip

Chisholm Plaza

1915 N Central Expy, Plano, TX 75075

Listing Price: $6,148,000

Cap Rate
6.25%
Gross SF
40,876
Rentable SF
40,876
Price/Gross SF
$150.41
Lot Size
4.46 acres
Year Built
1981

Investment Overview

Chisholm Plaza is a 40,876-square-foot, multi-tenant retail center located in the desirable Dallas-Fort Worth suburb of Plano, Texas. The center is 84 percent occupied providing upside potential to a future investor by leasing the vacant space, and all current leases are triple-net. The tenant base is a complementary mix of internet-resistant, service-oriented businesses including El Noa Noa Tex-Mex, Outcry Theater Inc., Zion's Hairspa, Democratic Party of Collin Co., Express Kabob, Relax Foot Spa, St. Paul Orthodox Church, Coffee del Rey, Marinara Pizza, Crossfit 972, Anomaly Lifestyle Art & Tattoo, Joe D's Cutz Barber Shop, Bass Auto Repair, and Fast Signs. Chisholm Plaza was constructed in 1981 and is situated on a 4.461-acre parcel with ample parking. The property is located along North Central Expressway/Highway 75 on the southwestern quadrant of the North Central Expressway/Highway 75 and Park Boulevard intersection. The property is easily accessible from multiple ingress and egress points from Chisholm Place, Park Boulevard and the North Central Expressway feeder road. Cumulative traffic counts in front of the property exceed 275,900 vehicles per day. There are numerous national retailers in the area including Rooms to Go, Best Buy, At Home, buybuy Baby, Target, Harbor Freight, Michaels, Hobby Lobby, Old Navy, Barnes & Noble, Petco, and many more. Located one mile from the property is the Collin Creek Redevelopment Project, previously Collin Creek Mall. The $1.0 billion dollar project is set to include retail space, restaurant space, walking-trails, park space, event space, hotel, and more. The surrounding area has strong demographics with more than 322,947 residents within five miles and an average household income exceeding $109,569.

Investment Highlights

  • 40,876-Square-Foot, Multi-Tenant Retail Center
  • 84% Occupied | All Leases are Triple-Net
  • Upside Potential in Leasing Vacant Space | Pro Forma Cap Rate is 8.2%
  • Current Average Rents are Well Below Market
  • Located in a Major Retail Trade Corridor Along North Central Expressway in the Southwestern Quadrant of the North Central Expressway/Highway 75 and Park Boulevard Intersection

Exclusively Listed By

Listing Price: $6,148,000

Cap Rate
6.25%
Gross SF
40,876
Rentable SF
40,876
Price/Gross SF
$150.41
Lot Size
4.46 acres
Year Built
1981

Investment Highlights

  • 40,876-Square-Foot, Multi-Tenant Retail Center
  • 84% Occupied | All Leases are Triple-Net
  • Upside Potential in Leasing Vacant Space | Pro Forma Cap Rate is 8.2%
  • Current Average Rents are Well Below Market
  • Located in a Major Retail Trade Corridor Along North Central Expressway in the Southwestern Quadrant of the North Central Expressway/Highway 75 and Park Boulevard Intersection

Investment Overview

Chisholm Plaza is a 40,876-square-foot, multi-tenant retail center located in the desirable Dallas-Fort Worth suburb of Plano, Texas. The center is 84 percent occupied providing upside potential to a future investor by leasing the vacant space, and all current leases are triple-net. The tenant base is a complementary mix of internet-resistant, service-oriented businesses including El Noa Noa Tex-Mex, Outcry Theater Inc., Zion's Hairspa, Democratic Party of Collin Co., Express Kabob, Relax Foot Spa, St. Paul Orthodox Church, Coffee del Rey, Marinara Pizza, Crossfit 972, Anomaly Lifestyle Art & Tattoo, Joe D's Cutz Barber Shop, Bass Auto Repair, and Fast Signs. Chisholm Plaza was constructed in 1981 and is situated on a 4.461-acre parcel with ample parking. The property is located along North Central Expressway/Highway 75 on the southwestern quadrant of the North Central Expressway/Highway 75 and Park Boulevard intersection. The property is easily accessible from multiple ingress and egress points from Chisholm Place, Park Boulevard and the North Central Expressway feeder road. Cumulative traffic counts in front of the property exceed 275,900 vehicles per day. There are numerous national retailers in the area including Rooms to Go, Best Buy, At Home, buybuy Baby, Target, Harbor Freight, Michaels, Hobby Lobby, Old Navy, Barnes & Noble, Petco, and many more. Located one mile from the property is the Collin Creek Redevelopment Project, previously Collin Creek Mall. The $1.0 billion dollar project is set to include retail space, restaurant space, walking-trails, park space, event space, hotel, and more. The surrounding area has strong demographics with more than 322,947 residents within five miles and an average household income exceeding $109,569.

Exclusively Listed By

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