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Restaurant

Popeyes w/ D-Thru | DFW MSA | 20Yr Abs Net Ground Sale Leaseback | Densely Populated & Affluent Area

3945 W Spring Creek Pkwy, Plano (Dallas-Fort Worth MSA), TX 75023

Listing Price: $4,000,000

Cap Rate
3.75%
Tenant Name
Popeyes
Years Remaining On Lease
20.1
Gross SF
2,407
Guarantor
Franchisee Guarantee
Rentable SF
2,407
Price/Gross SF
$1,661.82
Lease Type
NNN Ground Lease
Rent Per Square Feet
$62.32

Investment Overview

Plano is a city in Collin County and Denton County, Texas with a population of 285,494 at the 2020 census. It is part of the Dallas–Fort Worth metroplex. About 80% of Plano’s visitors are business travelers, due to its close proximity to Dallas and the many corporations headquartered in Plano. The city also has a convention center owned and operated by the city. Plano has made a concerted effort to draw retail to its downtown area and the Legacy West in an effort to boost sales tax returns. It has two malls, The Shops at Willow Bend and The Shops at Legacy. Some of the country’s largest and most recognized companies are headquartered in Plano. Legacy Drive in ZIP Code 75024, between Preston Road and Dallas North Tollway, has many corporate campuses. In 2014 Toyota Motor North America announced its U.S. headquarters will move from Torrance, California, to Plano. In 2015, Liberty Mutual announced its plans to build a new corporate campus just a few blocks east of Toyota’s, bringing an estimated 5,000 jobs to the community. In January 2016, JP Morgan Chase and mortgage giant Fannie Mae announced they would move their regional operations to Plano, bringing a combined 7,000 new jobs to the community.

Investment Highlights

  • 20 Year Absolute Net Ground Sale Leaseback Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Retail & Traffic Corridor: Easy Access & Excellent Visibility near a Signalized Intersection to High Traffic - Daily Combined Traffic Counts Exceeding 74k Vehicles.
  • Recently Completed Dedicated U-Turn Lanes along Spring Creek Pkwy. It turns Directly back into the Subject Property and Traffic Exiting the site can get back onto Eastbound Traffic.
  • Immediate Area Experiencing Major Growth: Site is Surrounded by Dense Residential Neighborhoods, Apartment Complexes, and Numerous Amenities Including Parks, Schools, and More.
  • In close Proximity to Legacy Business Park & Granite Park - 2,665 Acre Master-planned Business, Retail and Residential Communities with over 13M SF of HQ's and Regional Office Space. 60k+ People Live and Work in these Parks.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $134k within a 3-Mile Radius and over 389k People Residing within a 5-Mile Radius.
  • Located Across from Walmart - Attractive Presence of National, Local and Regional Retailers in the Surrounding Area serve as Significant Traffic Generators to the Site.
  • Significant Night-Time & Weekend Traffic Generated from nearby PSA Sports Complex, Carpenter Park & Recreation Center and Archgate Park. These Facilities bring in 4 Million Visitors Annually. Near Jasper High School, which has an Enrollment of over 720 Students, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students and Teachers.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s) TX: 0606255

    Texas

Restaurant

Popeyes w/ D-Thru | DFW MSA | 20Yr Abs Net Ground Sale Leaseback | Densely Populated & Affluent Area

Listing Price: $4,000,000

Cap Rate
3.75%
Tenant Name
Popeyes
Years Remaining On Lease
20.1
Gross SF
2,407
Guarantor
Franchisee Guarantee
Rentable SF
2,407
Price/Gross SF
$1,661.82
Lease Type
NNN Ground Lease
Rent Per Square Feet
$62.32

Investment Highlights

  • 20 Year Absolute Net Ground Sale Leaseback Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Retail & Traffic Corridor: Easy Access & Excellent Visibility near a Signalized Intersection to High Traffic - Daily Combined Traffic Counts Exceeding 74k Vehicles.
  • Recently Completed Dedicated U-Turn Lanes along Spring Creek Pkwy. It turns Directly back into the Subject Property and Traffic Exiting the site can get back onto Eastbound Traffic.
  • Immediate Area Experiencing Major Growth: Site is Surrounded by Dense Residential Neighborhoods, Apartment Complexes, and Numerous Amenities Including Parks, Schools, and More.
  • In close Proximity to Legacy Business Park & Granite Park - 2,665 Acre Master-planned Business, Retail and Residential Communities with over 13M SF of HQ's and Regional Office Space. 60k+ People Live and Work in these Parks.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $134k within a 3-Mile Radius and over 389k People Residing within a 5-Mile Radius.
  • Located Across from Walmart - Attractive Presence of National, Local and Regional Retailers in the Surrounding Area serve as Significant Traffic Generators to the Site.
  • Significant Night-Time & Weekend Traffic Generated from nearby PSA Sports Complex, Carpenter Park & Recreation Center and Archgate Park. These Facilities bring in 4 Million Visitors Annually. Near Jasper High School, which has an Enrollment of over 720 Students, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students and Teachers.

Investment Overview

Plano is a city in Collin County and Denton County, Texas with a population of 285,494 at the 2020 census. It is part of the Dallas–Fort Worth metroplex. About 80% of Plano’s visitors are business travelers, due to its close proximity to Dallas and the many corporations headquartered in Plano. The city also has a convention center owned and operated by the city. Plano has made a concerted effort to draw retail to its downtown area and the Legacy West in an effort to boost sales tax returns. It has two malls, The Shops at Willow Bend and The Shops at Legacy. Some of the country’s largest and most recognized companies are headquartered in Plano. Legacy Drive in ZIP Code 75024, between Preston Road and Dallas North Tollway, has many corporate campuses. In 2014 Toyota Motor North America announced its U.S. headquarters will move from Torrance, California, to Plano. In 2015, Liberty Mutual announced its plans to build a new corporate campus just a few blocks east of Toyota’s, bringing an estimated 5,000 jobs to the community. In January 2016, JP Morgan Chase and mortgage giant Fannie Mae announced they would move their regional operations to Plano, bringing a combined 7,000 new jobs to the community.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s): TX: 0606255

    Texas

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