Retail•Free Standing Building•For Sale

Richardson Raising Cane's

320 South Plano Road, Richardson, Texas 75081

Sale Price $1,420,000
Sale Type Investment
Gross Bldg 3,600 SqFt
Land Area .85 Acres
Property for Sale SEQ of Plano Rd and and Belt Line Rd
  • Leasehold interest with significant long term NOI in place
  • Corporate credit-tenant absolute NNN-ground lease with increases
  • Expires in 2029 with options to 2054
  • Property is subject to flat-rate ground lease through 2088 with favorable terms
  • Rental increases in tenant’s rent with flat master lease rental NOI increase
  • High-traffic & prime visibility location across from regional power center with Lowe’s & Super Target
  • High-quality new construction
  • Located in a rapidly expanding desirable Dallas suburb
  • High sales quick-serve restaurant surrounded by high volume Whataburger, Panda Express and Chic-fil-A
  • 15-year term, absolute NNN-ground lease with Raising Cane’s Restaurants, LLC
  • Situated on lighted hard-corner with prime access and clear visibility from Plano Road
  • Richardson is a first ring suburb and massive recent expansion as a major employment center
  • High-traffic location on six-lane divided thoroughfare
  • Prime location in dense retail submarket
12/17/2019 11:26:21 PM 1/21/2020 3:37:37 PM
Martin Turner
Chief Executive Officer
Retail Solutions
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