3435 Renner RdPlano, TX 75074

Property Details for 3435 Renner Rd

Year built

2024

Lot size

0.83 AC

Property size (Sq ft)

2,800 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a brand-new, 2,800-square-foot Freddy's Frozen Custard & Steakburgers restaurant in Plano, Texas. The property boasts a 20-year absolute NNN lease, expiring December 31, 2044, with four 5-year renewal options and attractive 7.50% rent bumps every five years. The tenant, Ram-Z Custard, LLC, is a significant franchisee, operating 33 Freddy's locations (7th largest in the US) and 34 Schlotzsky's (largest in the US). This build-to-suit property features Freddy's latest prototype, including a 9-car stack drive-thru, and is situated on a 0.825-acre lot with excellent visibility on East Renner Road, a major thoroughfare with 24,025 cars per day, and a quarter-mile from President George Bush Turnpike (121,446 CPD). The property's location benefits from a strong demographic profile, including a high average household income of $147,155 within one mile and a total population of 291,965 within five miles. Nearby amenities include major retailers like Walmart, Target, and numerous restaurants and entertainment venues. The property is also conveniently located near Collin Creek Mall, Collin Community College, and the University of Texas at Dallas, further enhancing its appeal and potential for long-term growth. The current Net Operating Income (NOI) is $195,000, resulting in a 5.50% capitalization rate. The property is zoned C and offers a fee-simple ownership structure (building and land). This is a rare opportunity to acquire a high-performing, long-term net lease investment in a prime Plano location.

Location Insight

City

Plano

County

Collin

State

Texas

Latitude

32.9972

Longitude

-96.6672

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