400 W McDermott Dr | Allen, TX 75013
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- LoopNet Team
400 W McDermott Dr
Allen, TX 75013
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Full absolute triple net lease (zero landlord responsibilities)
- Dallas Metro (income tax free state)
- Strong Corporate Guarantor: FSA oversees 700+ owned and franchised units in 5 countries – generating ~$300 million in revenue
- Annual rent increases @ the Greater of 2% or CPI, a complete hedge against inflation.
- High Margin Business: FSA has consistently achieved high EBITDA margins (20+%) and enjoys high free cash flow conversion (90+%)
- Exceptional Site-Level Performance: the subject unit is among the top performing units in the FSA system, boasting rent coverage of 2.4x
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,508 SF
Building Class
C
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.35 AC
Zoning
C1
Parking
14 Spaces (5.58 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | R-3278-000-001A-1 | Improvements Assessment | $428,588 |
| Land Assessment | $250,619 | Total Assessment | $679,207 |
PROPERTY TAXES
Parcel Number
R-3278-000-001A-1
Land Assessment
$250,619
Improvements Assessment
$428,588
Total Assessment
$679,207
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