6280 Tennyson PkwyPlano, TX 75024

Property Details for 6280 Tennyson Pkwy

Year built

2019

Lot size

1.13 AC

Property size (Sq ft)

6,600 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional single-story, 6,600 square foot shopping center in Plano, Texas, presents a compelling net lease investment opportunity. Anchored by a Panera Bread, this 2019-built property boasts a strong tenant profile and sits on a 1.13-acre lot at 6280 Tennyson Pkwy, 75024. The property benefits from a prime location within the prestigious Legacy Business Park, surrounded by over 33 million square feet of corporate and regional headquarters, ensuring high visibility and consistent traffic. Convenient access is provided via the Tennyson Parkway exit off the Dallas North Tollway, further enhancing its appeal. Currently generating a NOI of $202,807, representing a 5.71% cap rate, the property's pro-forma NOI is projected at $283,917, yielding a 7.27% cap rate. This represents a significant upside potential for investors. The asking price is $3,900,000, translating to a price per square foot of $590.91. The property's strategic location, strong tenant, and impressive projected returns make it an ideal addition to any diversified investment portfolio. This multi-tenant building offers a secure and profitable investment opportunity in a thriving Texas market. The property's single-story design and convenient access points contribute to its operational efficiency and attractiveness to both tenants and investors. The signalized intersection provides excellent visibility and accessibility for customers.

Location Insight

City

Plano

County

Collin

State

Texas

Latitude

33.071

Longitude

-96.8339

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