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Faris Lee Investments is pleased to offer for sale the fee simple (land & building) interest in a corporate guaranteed, single tenant, freestanding, Drive-Thru Pollo Regio, located in McKinney, Texas. Pollo Regio is on a 15-year absolute triple net lease (zero landlord responsibilities) with over 14 years remaining and 2 (5-year) options to renew. There are 10% rental increases at the beginning of year-6 ,year-11 and option periods, which helps hedge against inflation and provides the Investor with steady NOI growth. Pollo Regio is a private company founded in 1995, which has 45 locations throughout the state of Texas. The company currently has expansion plans for Austin, Houston, and Waco. Pollo Regio is a fast food restaurant, which serves a special-recipe marinated open flame grilled chicken.
SELLER FINANCING AVAILABLE! This is a rare opportunity to purchase one of the most pristine buildings on the Historic Downtown McKinney Square. Voted the 2nd best place in America to live, by Money Magazine, this truly is a once in a life time occasion. The renovation was uncompromised with special attention to detail & every updated modern convenience you would expect including an elevator. Turnkey restaurant awaits you with an apartment ready to go on the second floor.
Truly a worry free asset with a "bondable" lease backed by investment grade rated credit. An excellent property for a trade and for value down the road. The section 467 lease, with no payable rent the final three years of the primary lease term, offers reduced taxable income for 17 years. There is a 3 year rent holiday beginning August, 2031 and ending July, 2034. CVS has ten options to renew of five years each. The first two renewal options are at a fixed rent of $328,073.88 per annum.
10,490 SFPrice Upon Req.
Crossroads Commercial Development, LLC is proud to announce its newest development. Located next to 7-11 at the Northeast quadrant of El Dorado Parkway and Stonebridge Drive, this property offers commercial tenants outstanding access, traffic, and demographics in the Frisco/McKinney market. The 10,490 sf center can be divided into units as small as 1,050 sf.
Hollywood Nails and Spa. Well Established High Traffic location at busy Preston Road and Gaylord Parkway intersection in Frisco. Building, Land, Equipment and Inventory! 40 spa chairs, 8 massage tables, 2 spa jets, $100K+ inventory. Frisco median income $111K Median age 34 Population 138K. Annual sales in excess of $1M ( per owner). shown by appointment only. signed ND required for financials.
1,928 SFPrice Upon Req.
1928 sq foot retail location on high traffic highway 5 in booming Melissa Texas. Perfect for offices (attorney, CPA) or best suited for Doctor, Dentist, Optometrist, etc. Would make a perfect pediatricians office with the booming child populations of both Anna and Melissa. Property is convenient to both Anna and Melissa. The building is set up to have a tenant on one side if needed. Tenant is month to month and can vacate if the entire property is needed. Built in 2007. Ample parking. High traffic counts.
These properties will sell seperately or together. This property is available for ground lease for $60,000.Term: 15 years with a 10% bump every 5 years.No subordination on the land.
Also available for ground lease at $10,000 per month. 15 year term, with a 10% bump every 5 years. No subordination on the land.
Pad site available for single-use tenant or retail strip center. Also available for ground lease at $70,000 a month. 15 year term, with a 10% bump every 5 years. No subordination on the land.