The Dance Movement | 10301 Custer Rd
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The Dance Movement 10301 Custer Rd
7,200 SF Retail Building Plano, TX 75025 $3,118,324 CAD ($433 CAD/SF) 6% Cap Rate
Investment Highlights
- 10-Year Absolute Net Sale-Leaseback with 10 Percent Rental Escalations Every Five Years
- Excellent Access and Visibility on North Custer Road (38,673 VPD) Near Sam Rayburn Tollway (90,861 VPD)
- Attractive Brick Construction on a Large 1.47 Acre Parcel with Ample Parking
- Prime Location Near a Planned Mixed Use Development Anchored by an H-E-B
- More Than 345,167 Residents and an Average Household Income of $154,592 (5-Mile Radius)
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease The Dance Movement in Plano, TX. The property consists of a 7,200-square-foot, freestanding building that sits on approximately 1.47 acres of land. There are 10.1 years remaining on the lease with 10% rental increases every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,200 SF
Year Built
2007
Price
$3,118,324 CAD
Price Per SF
$433 CAD
Cap Rate
6%
NOI
$187,099 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
1.73 AC
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The Dance Movement | 10301 Custer Rd
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