This Retail Property is Off-Market.

525 W Parker Rd.
Plano, TX 75023 ·

12,900 SF · Retail For Sale

N/A

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CVS zero or paydown loan to get cash flow

Price N/A Cap Rate 8.50%
Building Size 12,900 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 2009
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.87 AC
Commission Split 1%
Listing ID: 17940416 Date Created: 12/06/2012 Last Updated: 07/10/2013

Description

"Bond Style" Lease equals a no work real estate investment. CVS pays for and does everything. Even if the building were to be hit by a meteor, CVS would have to pay the rent and rebuild

Recent construction in mostly built out upper income north Dallas metro city of Plano. Favorable assumable debt and lease structure with rapid amortization and tax benefits, results in higher cap rate on renewal. Approximately 22 years remaining on absolutely net lease. Loan fully amortizes 3 years prior to lease expiration.

The assumable financing offers both rapid amortization and reduced taxable income based on the section 467 lease treatment.

The loan was originated when interest rates were higher, resulting in higher renewal rental rates during the option periods.

CVS has ten options to renew of five years. The first two renewal options are at a fixed rent. The remaining options are at market rents.

This property is located in a highly developed upper income neighborhood in Plano, one of the most desirable cities in America, which has received numerous notices for having the lowest poverty rate and highest safety levels of any city with more than 250,000 people.

Great high income area. Largely built out.

Recent Construction/Modern Design

On primary access road between residential and US 75 (Central Expressway)

Truly a worry free asset with a "bondable" lease backed by investment grade rated credit. An excellent property for a trade and for value down the road.

Highlights

  • Can be structured with cash flow or a zero
  • Rapid, secure amortization equals significant asset build up, while section 467 reduces taxes
  • "Bond Style" Lease. See notes below.
  • Excellent debt replacement for trade
  • First Two fixed renewals at $27,339.49 per month ($328,073.88 per annum)
  • Low Downpayment plus depreciation plus section 467 lease structure creates importa

Research

525 W Parker Rd., Plano, TX 75023 (Collin County)

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