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3820 State 121 Hwy - New Super Star Car Wash | 20yr Abs NNN SLB 5,000 SF Specialty Building Offered at $6,195,000 at a 5.65% Cap Rate in Plano, TX 75024
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
Amenities
- Signage
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Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R-11153-00A-0020-1 | Improvements Assessment | $0 |
| Land Assessment | $940,896 | Total Assessment | $940,896 |
Property Taxes
Parcel Number
R-11153-00A-0020-1
Land Assessment
$940,896
Improvements Assessment
$0
Total Assessment
$940,896
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