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Whataburger 433 Coit Rd 3,420 SF Retail Building Plano, TX 75075 $7,519,765 CAD ($2,198.76 CAD/SF) 4.49% Cap Rate
Investment Highlights
- 12+ Years Remaining | Scheduled Rental Increases | Options to Extend
- Outparcel to Walmart Supercenter | Along Coit Rd | George Bush Turnpike | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
• The tenant currently has 12+ years remaining on their initial lease with 3 (5-year) options to extend
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation
• The lease features 10% rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,420 SF
Building Class
C
Year Built
2002
Price
$7,519,765 CAD
Price Per SF
$2,198.76 CAD
Cap Rate
4.49%
NOI
$337,864 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.15 AC
Zoning
CC - Corridor Commercial
Parking
41 Spaces (11.99 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Drive Thru
- Monument Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | R-4892-001-0040-1 | Improvements Assessment | $1,472,476 CAD |
| Land Assessment | $2,612,175 CAD | Total Assessment | $4,084,651 CAD |
Property Taxes
Parcel Number
R-4892-001-0040-1
Land Assessment
$2,612,175 CAD
Improvements Assessment
$1,472,476 CAD
Total Assessment
$4,084,651 CAD
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Whataburger | 433 Coit Rd
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