Benders Sports And Spirits Leases 4,086 SF Retail Space In Richardson, Andy Anderson Represents Tenant
300 N Coit Rd, Richardson, TX 75080, USA
Building Size
40,860 SF
Asset Type
Retail
Closing
Sep 23, 2020
About this deal
AI
The retail property located at 300 North Coit Road in Richardson has been leased. The asset includes a total area of 4,086 square feet. Benders Sports and Spirits will be the tenant at this location. The landlord of the property is Pipit Partners.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 09/24/2020
- Address: 300 North Coit Road
- Market: Richardson
Andy Anderson from Restaurant Properties Group represented Benders Sports and Spirits as their tenant's representative in the deal. Andrew Shaw from NAI Robert Lynn Real Estate served as the landlord's representative.
Note: The lease agreement is for a duration of 7 years.
Players
Richardson Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93