SOLD: Richardson Raising Cane's - Leasehold Interest
320 South Plano Road, Richardson, TX 75081
Property Highlights & Information
- 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
Available Opportunities
No Currently Available OpportunitiesDemographic Information
| Population (3m) | 159,388 |
|---|---|
| Average Household Income (3m) | $72,309 |
| Traffic Count | Plano Rd: 34,500 VPD (Source: Costar 2018) Belt Line Rd: 32,200 VPD (Source: Costar 2018) |
