Downtown Plano seeing considerable multifamily redevelopment
Introducing an Exceptional Investment Opportunity in Plano, TX! Presenting the property located at 12001 4th Street, this prime commercial space offers a compelling investment for savvy buyers. With an asking price of $2,215,384 and a cap rate of 6.5%, this property promises a strong return on investment. Situated in a well-established location with a community track record since 1999, this property boasts a total SF of approximately 5,792. The lease term extends for 10 years, with an impressive remaining term of 8.5 years. The estimated NOI is $144,000, making it a lucrative investment opportunity. What sets this property apart is its strong corporate guarantee, as the tenant operates over 900 corporate and franchised stores. Additionally, the area is experiencing significant multifamily redevelopment, making it a prime location for growth and potential future demand. Don't miss out on this outstanding investment opportunity. Contact us today to learn more and secure your place in the thriving Plano market.