Angie's Food Concepts Drive-Thru 701 W 15th St 3,128 SF Retail Building Plano, TX 75075 $5,890,330 CAD ($1,883.10 CAD/SF) 5.50% Cap Rate

- Single-tenant Angie’s drive-thru opportunity featuring a 20-year absolute triple-net (NNN) lease with 2% annual rental increases throughout the initial term and 10% rental increases at each of the four (4), five (5) year options.
- Angie's Food Concepts is a vertically integrated quick-service restaurant company that offers high-quality/premium food at affordable prices under their four brands: Angie's Prime Grill, Angie's Lobster, Angie's Burger, and Angie's Chicken. This location is a Super Store featuring all four concepts.
- Angie's currently operates ±20 locations across Arizona, Nevada, and Texas with over a dozen locations scheduled to open within the next year.
- This lease includes a rare, full term personal guaranty by the founders, Tony and Roushan Christofellis.
- The Property is directly across the street from the Collin Creek Mall redevelopment, a $1B mixed-use project by Centurion American Development Group. This project features ±1.3M SF of class-A office, ±2,300 multi-family units, ±500 single-family homes, ±200 hotel rooms, and hundreds of thousands of additional square feet for retail and restaurant space (see page 9 for additional details) (Source: CollinCreek.com).
- The Property is located ±8 minutes south of the Lavon Farms mixed-use development, which was recently approved. The ±215-acre development is planned to include ±1,052 multi-family units, ±626 single-family residential units, 37-acres of open space, and additional commercial development.
- The Property is located ±8 minutes away from Assembly Park, a dynamic new mixed-use development featuring class-A office, ±304 multi-family units, and upscale retail and restaurants all in a walkable, urban landscape.
- AT&T, one of the world’s largest telecommunications companies, recently announced plans to relocate its headquarters from Dallas to Plano, where it will develop a new ±54-acre campus. 
- The Property is located as an outparcel to Creekwalk Village, a ±169,484 square foot shopping center anchored by Michaels, DSW, Petco, Old Navy, and Crunch Fitness.
It is positioned on a hard corner (±34,746 SF) at lighted intersection with excellent frontage and visibility off 15th St (±27,866 VPD) and is just east of US Route 75 (±195,020 VPD).
- Plano Senior High School (±2,258 students) and Vines High School (±984 students) are located minutes away (Source: US News, Niche).
- Nearby national retailers include Home Depot, Target, Costco, Goodwill, EoS Fitness, Hobby Lobby, Floor & Decor, Best Buy, and more.
- The Property boasts a dense 3-mile population of ±116,214 and affluent average household income of ±$122,182 (Source: Esri).