Wells Fargo SWQ - FM 423 & US Hwy 380 Terrain 0,53 ha À vendre Frisco, TX 75035

DB2RE INVESTMENT SALES is proud to present the rare opportunity to acquire Wells Fargo, (the “Property”), a 15-Year Absolute NNN Lease located at the SWQ of FM 423 & US Highway 380 in Frisco, Texas – shadow to the new HEB Supermarket. The tenant, Wells Fargo Bank, recently completed a 15-year lease that includes four 5-year renewal options and 10.00% increases every five years through the primary and option terms. The offering is an ideal, management free investment opportunity for passive investors and/or 1031 buyers. The Property consists of a free-standing, drive-thru building totaling ± 3,500 square feet on 1.32 acres of land. This offering provides new ownership with a rare opportunity to acquire a trusted financial institution valued at over $200 billion in the fastest growing city and #1 place to live in the nation.
Located less than 3.5 miles from the intersection of Hwy 380 & Dallas North Tollway, an expansion project to extend the thoroughfare 13.7 miles north of US Highway 380, the Property enjoys tremendous densities with 92,770 & 195,791 residents within a 3- and 5-mile radius. Strategically positioned at the southwest quadrant of FM 423 & US Highway 380, two primary arteries in the Frisco / Little Elm / Prosper market. Within a 2-mile radius, the property is home to over 5,000 single-family lots and over 300 multi-family units, making this one of the fastest-growing big cities in the nation. New ownership has an excellent opportunity to capitalized on the booming population and a rapidly growing retail synergy immediately surrounding the Property. With over one million square feet of retail located in the immediate area, the intersections of FM 423 & US 380 have become a regional retail destination. Surrounding retailers include HEB, Kroger, Walmart, Home Depot, Whataburger, CVS, Chase Bank, Dutch Brothers, Black Rifle Coffee Company, McDonald’s, and many others.