Richardson Square, Richardson, Texas

1225 E. Belt Line Road no-imageVIEW MAP

Property Information

Price: $4,754,867

Cap Rate: 6.0%
NOI: $285,292
Lease Type: NNN
Building Size: Approximately 7,502 Square Feet
Year Built: 2021
Status: Available
Lead Broker Information:

Randy Bell


Property Description

Investment Highlights

  • Newly Constructed, 100% Leased Asset with New 10 Year Leases – Stable Cash Flow Asset with Minimal Landlord Responsibilities
  • Dunkin’ Has 10% Bumps Every 5 Years and Texas Health and Visionworks Have 2% Annual Increases Throughout the Initial Terms and Option Periods, Increasing the NOI & Providing a Strong Hedge Against Inflation
  • Strong National Tenant Lineup – Large 120 Unit Dunkin’ Operator and Corporately Guaranteed Leases from Texas Health and Visionworks
  • Pride of Ownership Asset with Intrinsic Value – Situated on the “AM” Side of the Street with Excellent Access and Visibility, Along with a Drive-Thru, Allowing Dunkin’ to Handle High Costumer Volume
  • High Traffic Location – More Than 27,000 Vehicles Per Day on Belt Line Road and Over 27,00 Vehicles Per Day on Plano Road
  • Densely Populated, Infill Location with Excellent Demographics – Over 362,000 People in a 5-Mile Radius with Average Household Income Exceeding $132,000 within a 1-Mile Radius of the Property
  • Strategically Positioned in a Strong Retail Corridor – Surrounded by Major National Brands and High Traffic Generators Such as Target, Lowe’s, Burlington and Three National Fitness Clubs
  • Located Near Richland Village, Richardson Village & Richardson Square Shopping Centers That Bring Daily-Needs Consumers Directly to the Trade Area – More Than 10.4 Million Combined Visits to the Centers Over the Prior Calendar Year
  • Over 94 Million Square Feet of Office and Industrial Space and More Than 45 Million Square Feet of Retail and Restaurant Space Within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of Over 233,000 Employees
  • Tremendous Multi-Family Density with More Than 67,000 Apartment Units within a 5-Mile Radius of the Property – An Additional 4,326 Units Are Currently Under Construction
  • Approximately 1 Mile from LV Berkner High School STEM Academy with an Enrollment of More Than 2,600 Students & Faculty
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset