9.49 AC Corner FM-1385 & FM-428 / Punk Carter Pky

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9.49 AC Corner FM-1385 & FM-428 / Punk Carter Pky

Celina, TX 75009
Asking Price
$3.50M
Asset Type
Commercial Land
Class
Class B

What's Special

Premium Crossing at Two 6-Lane Major Connector Roads <ul><li>​<strong> Intersection of FM 1385 and FM 428, a future Punk Carter Pkwy – a Major 6-Lane Connector From Hwy 377 to Dallas Toll and Preston Rd.</strong></li><li>​</li><li>​<strong>​Over 348 ft Frontage on FM- 1385</strong></li></ul><p> </p><ul><li>​<strong> Less than a Mile From Outer Loop</strong> </li><li>​</li><li>​ <strong>~ 3 miles from Hwy 380 Major National Retailers - Costco, HEB, Kroger, Home Depot, Walmart, LA Fitness, and more</strong></li><li>​</li><li>​<strong>All

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NOI
$80,000
Cap Rate
2.29%
DSCR
0.38
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,316.09
Annual Cash Flow
$-127,793.084

Location & Travel Times