Coco Shrimp | 1240 E Belt Line Rd
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Coco Shrimp 1240 E Belt Line Rd
3,019 SF Retail Building Richardson, TX 75081 $2,742,507 CAD ($908 CAD/SF) 6% Cap Rate
Investment Highlights
- Passive, Absolute NNN Lease | More than 10-years remaining on Primary Term
- Lease fully guaranteed for the entire Primary Term
- Ideal retail corridor anchored by Target, Lowe’s, Burlington, LA Fitness, ALDI, and Planet Fitness
- 3 Five Year Renewal Options
- Great access and visibility from Belt Line Road which boasts 30,000 VPD
Executive Summary
The property is ideally located in an ideal retail corridor of Richardson which includes Target, Lowe’s, Burlington, LA Fitness, ALDI, and Planet Fitness. Heavy traffic on the thoroughfare can be attributed to the easy access to Belt Line Rd and the surrounding ample residential area that the Richardson retail serves. The site provides effortless ingress/egress points, as well as cross-access with the surrounding properties.
The property is surrounded by over 153,000 residents with av average household income exceeding $88,000 within a 3-mile radius. Richardson is undergoing rapid development, where more than half of the 56 shopping centers in the city have been remodeled or redeveloped in the past 15 years.
The property is surrounded by over 153,000 residents with av average household income exceeding $88,000 within a 3-mile radius. Richardson is undergoing rapid development, where more than half of the 56 shopping centers in the city have been remodeled or redeveloped in the past 15 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,019 SF
Building Class
B
Year Built/Renovated
1978/2024
Price
$2,742,507 CAD
Price Per SF
$908 CAD
Cap Rate
6%
NOI
$164,605 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.48 AC
Zoning
LR, Richardson - Local Retail District
Frontage
185 ft on E Belt Line
Walk Score ®
Very Walkable (72)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 42003700000030000 | Improvements Assessment | $176,706 CAD |
| Land Assessment | $368,823 CAD | Total Assessment | $545,529 CAD |
PROPERTY TAXES
Parcel Number
42003700000030000
Land Assessment
$368,823 CAD
Improvements Assessment
$176,706 CAD
Total Assessment
$545,529 CAD
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Coco Shrimp | 1240 E Belt Line Rd
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