14441 El Dorado PkwyFrisco, TX 75035
- Commercial real estate
- 3,141 SF
Property Details for 14441 El Dorado Pkwy
- Year built
- 2018
- Lot size
- 1.92 AC
- Property size (Sq ft)
- 3,141 SF
- Property type
- Commercial real estate
- APN
- R-11026-00A-0040-1
- APU
- R1102600A00401
Description
Exceptional investment opportunity: a 3,140 square foot 7-Eleven located at 14441 Eldorado Pkwy, Frisco, TX 75035. This absolute triple-net (NNN) leased property boasts a strong 5.10% cap rate and a substantial net operating income (NOI) of $303,186. The property features 12 gas pumps and benefits from a prime location on a signalized corner of Eldorado Parkway and Independence Parkway, experiencing over 31,000 vehicles per day. Its proximity to Heritage High School (2,000+ students) and upscale residential areas ensures consistent high traffic and customer base. The tenant, 7-Eleven, is credit-rated and provides a corporate guarantee, minimizing risk. The 15-year lease, commencing March 1, 2019, and expiring February 28, 2034, includes four 5-year renewal options, each with a 7.5% rent increase. The average household income in the immediate area exceeds $195,000, reflecting a high-income demographic. Built in 2019, this property presents a compelling investment with significant upside potential due to the built-in rent escalations and the strong performance of the tenant in a high-growth area. The asking price is $5,995,000, translating to $1,909.24 per square foot. The property may qualify for 15-year and/or bonus depreciation.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $791,767
- Hospitality
- $725,254
- Educational
- $603,403
- Medical
- $624,155
- Retail
- $938,627
Location Insight
- City
- Frisco
- County
- Collin
- State
- Texas
- Latitude
- 33.1738
- Longitude
- -96.751
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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