UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Warriors Plaza
MLS Listing ID 21408826
Total Fin. Sqft 4044
Year Built 2024
Lot Size 2.700 Acres
Acres 2.7
Property Sub-Type Retail
Property Description
The existing development consists of approximately 4,045 SF occupied by three nationally recognized tenants: Little Caesars Pizza, Jimmy John's and Scooter's Coffee. All three tenants operate under triple-net (NNN) leases with approximately eight years remaining on their current lease terms, plus renewal options, providing an investor with established rental income and limited landlord operating responsibilities.
The property encompasses approximately 2.7 acres, including a substantial undeveloped portion that provides an opportunity to increase future NOI and property value. A proposed site plan provides for an additional ±8,500 SF commercial building, which may accommodate a single tenant or be divided into suites ranging from approximately 1,415 to 8,500 SF. Drive-thru availability may also be incorporated for a qualifying tenant, subject to final design and approvals.
The proposed expansion includes additional parking, internal circulation, fire-lane and service access, flexible storefronts, individual entrances and signage opportunities. Potential uses include retail, restaurant, medical, dental, wellness, office, personal services, fitness, daycare and other compatible commercial uses.
Warriors Plaza combines immediate NNN income from three established national tenants with the ability to develop additional leasable square footage, creating a compelling stabilized investment with long-term value-add potential.
Proposed plans and improvements are preliminary and subject to final design and applicable approvals.
Location
State TX
County Fannin
Zoning Corridor Commercial District, retail, service, and office uses
Direction From Dallas, head North on 75, exit 44 for TX-121 N. Left turn on N Texas Hwy 121, property on the left side, .9 mile.
Interior
Heating Central
Cooling Central Air
Flooring Concrete
Heat Source Central
Exterior
Utilities Available City Sewer, City Water, Community Mailbox, Concrete, Curbs, Electricity Connected, Individual Gas Meter, Individual Water Meter
Roof Type Flat
Accessibility Meets ADA Requirements
Garage No
Building
Lot Description Acreage, Level, Sprinkler System
Foundation Slab
Structure Type Stucco
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, Lease Back, USDA Loan
Listing Terms 1031 Exchange, Cash, Conventional, Lease Back, USDA Loan
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21408826
Nearby School & Business
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