134 E Ovilla Rd | Red Oak, TX 75154
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- LoopNet Team
134 E Ovilla Rd
Red Oak, TX 75154
Kwik Kar - Brand New 20 Yr Corporate Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Absolute Triple-Net (NNN) Lease
- Annual Rent Increases at the Greater of 2% or CPI (Capped at 6%)
- Outparcel to Walmart Supercenter, with Shared Ingress/Egress with National Tenants: AutoZone, Dollar Tree, and Anytime Fitness
- Corporate Guaranty - 700+ Unit Operator
- Property Qualifies for 100% Year 1 Bonus Depreciation or 15 Year Accelerated Depreciation Per IRS 1250 Property Designation
- High Visibility Location Along East Ovilla Road (Over 28,000 Cars / Day)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
4,092 SF
Building Class
B
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.48 AC
Zoning
Commercial - Commercial
Parking
15 Spaces (3.67 Spaces per 1,000 SF Leased)
Frontage
121’ on East Ovilla Road
AMENITIES
- Signage
- Monument Signage
PROPERTY TAXES
| Parcel Number | 200238 | Improvements Assessment | $547,416 |
| Land Assessment | $479,591 | Total Assessment | $1,027,007 |
PROPERTY TAXES
Parcel Number
200238
Land Assessment
$479,591
Improvements Assessment
$547,416
Total Assessment
$1,027,007
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