14441 El Dorado PkwyFrisco, TX 75035

  • Commercial real estate
  • 3,141 SF
For Sale
$5,995,000 View listing

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
14441 El Dorado Pkwy, Frisco, Texas

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$46,145
$1,676,189
$773,811
$2,450,000
-
$1,676,189
$773,811
$2,450,000

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