BOSTON MARKET | $2,475,000 | 7.11% CAP
The Deltondo Advisory Group is pleased to present for sale the fee simple interest in this single-tenant Boston Market located at 6917 Independence Parkway, Plano, TX 75023.
The subject property is comprised of 3,084 square feet and was built-to-suit for Boston Market in 1994. The building sits on a large 33,127 Square Foot lot located just off of Independence Parkway & Legacy Drive which sees a combined 65,822 Vehicles Per Day.
Boston Market holds an Absolute-Net lease with no landlord responsibilities. With just over one year remaining on the lease and strong surrounding demographics, this an excellent redevelopment opportunity. Within a three-mile radius of the subject property, the population exceeds 165,000. Within a one-mile radius, the average income exceeds $145,000.
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.
6917 Independence Pwky
Dallas (Plano), Texas 75023