Property Name

Potbelly Plano Value Add Center

GLA 7,121 SF

Percent Leased 55% Leased

Property Description

Potbelly Plano Value Add Center is a 7,121 SF dynamic retail asset located on 15th Street just west of Downtown Plano and North of the Collin Creek Mall Redevelopment in the affluent northern DFW submarket of Plano, Texas. Positioned on 1.56 acres at a signalized intersection, the Property is approximately 20 minutes north of Downtown Dallas and approximately 25 minutes east of Dallas/Fort Worth International Airport. Potbelly Plano Value Add Center is 55.01% leased to a complementary mix of restaurant and service tenants, which include Potbelly Sandwich Shop and Texas Original, with significant upside potential in leasing the existing 3,204 SF second generation fast casual restaurant vacancy with an outside patio, and has potential to achieve an 9.04% pro forma cap rate at list price. The Property benefits from shallow bay depth, signage on both sides of the building, a two-sided brick monument sign and double outdoor patio. Average household income exceeds $108,700 and $121,600 in a 3 and 5 mile radii, respectively. Notable national retailers nearby include Costco Wholesale, Best Buy, At Home, Rooms To Go, Target, Hobby Lobby and Home Depot amongst others.