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 Opportunities

Demographic Information

Population (3m)159,388
Average Household Income (3m)$72,309
Traffic CountPlano Rd: 34,500 VPD (Source: Costar 2018)
Belt Line Rd: 32,200 VPD (Source: Costar 2018)



Martin Turner
Salesforce Admin

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