CORPORATE BOSTON MARKET | $3,850,000 | 7.00% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale the fee simple interest in this single-tenant Corporate Boston Market located at 701 West 15th Street, Plano, Texas 75075.
The subject property is comprised of 3,120 square feet and was built in 1994. The building sits on a 34,748 square foot lot with ample parking Located just off West 15th Street where Taco Bell is passed by 27,000+ Vehicles Per Day.
Boston Market operates on corporate guaranteed absolute-net Lease with 7.5+ years remaining. The Lease includes three, 8-Year Options to extend. Boston Market is located across West 15th Street from Collin Creek Mall redevelopment, Centurion American Development Group’s $1 Billion redevelopment will transform the existing Collin Creek Mall into a pedestrian-friendly mixed-use project. When completed, Collin Creek will be something that brings the community together and establish this district as one of the country’s premier downtowns.
Boston Market Corporation, originally known as Boston Chicken, was founded in 1985. The initial business concept was based on the premise that the public would buy hot, home-style meals that could be purchased and carried out for dinner. The entree selections include chicken, turkey, ham, and meatloaf. Side dishes are available to suit every taste and salads, bread, and desserts are also top choices. Supplying home meal replacements is the primary objective of the revitalized chain. It also offers a convenient lunchtime menu. The company enjoyed phenomenal success with its initial venture and soon attracted the attention of the business community. The founding partners sold the company to one of its executives after only three years.