Overview

Description

This ± 780 square foot Salad and Go is situated on ± 1.04 acres of land at the SEQ of Custer Road and McDermott Drive in the established trade area of Allen, Texas. The site is located at a signalized intersection with excellent street exposure to a combined traffic count of 44,609 vehicles per day along Custer Rd and McDermott Dr. Salad and Go will sign a 20-year Absolute NNN lease that commences upon closing with three 5-year options featuring 10% rental increases every five years throughout the primary term and option periods. This Salad and Go enjoys the benefit of a corporate lease with a guarantee from And Go Concepts, LLC, the parent company of Salad and Go. The city of Allen has a population of 102,778 people. The City of Allen is located within Collin County – boasting a current population of 1,109,462 people and in 2021 was named as the 2nd fastest growing county in the United States.

The Dallas-Fort Worth Metroplex is the largest metropolitan area in Texas, the largest in the South, and fourth largest in the U.S. with a population of 7,759,615 according to a March 2022 FRED Economic Data Estimate. Dallas-Fort Worth led the nation in population growth for the past decade (2010-2019), adding 1,349,378 residents to its population. Dallas Business Journal reports Dallas-Fort Worth could see an increase in nearly 1,350,000 residents by 2029 making Dallas-Fort Worth the number one metro in the country for population growth for the second consecutive decade. Overall, Dallas-Fort Worth is the 20th largest metro economy in the world and has a gross metro product exceeding $598 billion. As a result, the Dallas-Fort Worth Metroplex benefits from the 24 Fortune 500 company headquarters and the 43 Fortune 1000 headquarters located throughout Dallas-Fort Worth. Low taxes, a low cost of doing business, and a business-friendly environment continue to drive new job growth and attract new residents to the area.

This Salad and Go benefits from an extremely dense three-mile population with over 138,000 people and average household incomes over $142,000 per year. The intersection of Custer Rd and McDermott Dr is a strong neighborhood intersection within the Allen sub-market with retailers that include Kohl’s, McDonald’s, Wendy’s, Taco Bell, Prosperity Bank, Chicken Express, Papa Johns and Subway. Located in a strong neighborhood retail corridor, in a dense trade area with additional room for growth and with one of the nation’s hottest emerging brands, this Salad and Go gives a buyer the potential opportunity to own an asset that is built for long-term stability.

Highlights

• Brand new corporate 20-year Absolute NNN sale leaseback
• Excellent demos with over 138,000 people and household incomes in excess of $142,000 within a three-mile radius of the site
• Guarantee from the parent company, And Go Concepts, LLC
• The intersection of Custer Rd and McDermott Dr carries over 44,000 VPD
• Property is located within the largest MSA in Texas (Dallas-Fort Worth)
• 10% increases throughout the primary term and option periods

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