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2980 SH TX-114 Frontage Rd
Trophy Club, TX 76262
HG SPLY CO. · Retail Property For Sale
Investment Highlights
- COVID Rent Collections - No Rent Was Abated and See Below For Rent Deferment
- Significant NOI Growth - With Rent Increases of 10% Every Five (5) Years, the Average Cap Rate Over the Initial Term of Lease is 7.31%
- Below Building Replacement Cost - Subject Property is Listed Below Replacement Cost of Up to $15 Million + Irrevocable Parking Agreement With the City
- Term Remaining - 12.5 Years
- Irrevocable Parking Agreement (City of Trophy Club) - Access to an Extra 239 Space Parking Lot Adjacent to the Site, Maintained By the Town of Trophy
- Strong Demographics With a Population of 95,114 Residents Making an Above Average Household Income of $187,988 Within a 5-Mile Radius
Property Facts
Property Type
Retail
Property Subtype
Building Size
25,680 SF
Building Class
B
Year Built
2019
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.83 AC
Zoning
PD-25
Parking
59 Spaces (2.3 Spaces per 1,000 SF Leased)
Frontage
289’ on Trophy Wood Drive
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,390,627 | |
| Land Assessment | $623,590 | Total Assessment | $5,014,217 |
Property Taxes
Parcel Numbers
Land Assessment
$623,590
Improvements Assessment
$4,390,627
Total Assessment
$5,014,217
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