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New Super Star Car Wash | 20yr Abs NNN SLB 3820 State 121 Hwy 5,000 SF 100% Leased Retail Building Plano, TX 75024 $6,195,000 ($1,239/SF) 5.65% Cap Rate
Investment Highlights
- 20-Year Sale-Leaseback | 10% Scheduled Rental Increases
- Part of the Coit Marketplace Development | Frontage to 123,500 VPD
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Extremely Affluent Plano Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Super Star Car Wash investment property located in Plano, Texas. The tenant, Super Star Car Wash will commence a brand new 20-year lease at the close of escrow, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Building Size
5,000 SF
Year Built
2026
Price
$6,195,000
Price Per SF
$1,239
Cap Rate
5.65%
NOI
$350,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.13
Lot Size
0.90 AC
Zoning
RC - Regional Commercial District
Parking
23 Spaces (4.6 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Freeway Visibility
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Super Star Car Wash
- Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Super Star Car Wash | Services | 99,999 SF | - | Lorem Ipsum | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
1 of 7
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