Dental Republic -SOLD: Allen, TX (Infinity Plaza) Investment Sale
508 West McDermott Drive, Allen, TX 75013
Property Highlights & Information
- $2,005,000 (9.0% cap rate)
- Dental Republic: Allen is a three-tenant 100% leased asset in Allen, Texas (a suburb of Dallas)
- The Dental Republic dental practice occupies 60.4% of the 7,525 SF building on a 20,255 SF lot
- Tiger Asian Bowl (a sushi restaurant) occupies 1,975 SF and Wrexx Dance Studio occupies the remaining 1,000 SF
- Excellent visibility to over 29,000 vehicles per day on W. McDermott Dr.
- Surrounded by a population of 112,677 with average household income of $120,900 within 3 miles and 282,010 residents with average household income of $123,790 within 5 miles.
- The Dental Republic dental practice has been in operation for over 20 years and has 9 office locations.
- Dental Republic has recently signed a 5-year NNN extension to their lease with annual 2.0% base rent increases.
Available Opportunities
No Currently Available OpportunitiesDemographic Information
| Population (3m) | 114,054 |
|---|---|
| Average Household Income (3m) | $147,846 |
| Traffic Count | W McDermott Dr: 29,642 VPD (Source: CoStar 2022) Central Expwy S: 139,156 VPD (Source: CoStar 2022) |
