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Revolving Kitchen | New 10yr Corp NNN 520 Shepherd Dr 33,600 SF Industrial Building Garland, TX 75042 $5,500,000 ($163.69/SF) 7% Cap Rate
Investment Highlights
- New 10-Year Lease | Options To Extend | Scheduled Rental Increases
- Dallas College | Primary Retail Corridor
- NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Corporate guaranteed lease
• The tenant, Revolving Kitchen, will sign a brand new 10-year lease at the close of escrow with 2 (5-Year) options to extend, demonstrating their commitment to the site
• The lease features 4% annual rental increases throughout the initial term, providing a hedge against inflation and steadily growing NOI
• The roof will be completely replaced at closing and will come with a brand-new 10-20 year warranty, providing long-term protection for the new owner
• The tenant, Revolving Kitchen, will sign a brand new 10-year lease at the close of escrow with 2 (5-Year) options to extend, demonstrating their commitment to the site
• The lease features 4% annual rental increases throughout the initial term, providing a hedge against inflation and steadily growing NOI
• The roof will be completely replaced at closing and will come with a brand-new 10-20 year warranty, providing long-term protection for the new owner
Property Facts
| Price | $5,500,000 | Lot Size | 1.84 AC |
| Price Per SF | $163.69 | Rentable Building Area | 33,600 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 7% | Year Built/Renovated | 1956/2006 |
| Sale Condition | Sale Leaseback | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 12’ |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Zoning | S 06-18 | ||
| Price | $5,500,000 |
| Price Per SF | $163.69 |
| Sale Type | Investment NNN |
| Cap Rate | 7% |
| Sale Condition | Sale Leaseback |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.84 AC |
| Rentable Building Area | 33,600 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1956/2006 |
| Tenancy | Single |
| Clear Ceiling Height | 12’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | S 06-18 |
Amenities
- Fenced Lot
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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Property Taxes
| Parcel Number | 26515500000010000 | Improvements Assessment | $1,348,730 |
| Land Assessment | $265,000 | Total Assessment | $1,613,730 |
Property Taxes
Parcel Number
26515500000010000
Land Assessment
$265,000
Improvements Assessment
$1,348,730
Total Assessment
$1,613,730
Contacts
-
Patrick Luther -
Matthew Mousavi -
Jimmy Holcomb -
Lance Woodward -
SRS National Net Lease
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Revolving Kitchen | New 10yr Corp NNN | 520 Shepherd Dr
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