Log In/Sign Up
Your email has been sent.
811 S Greenville Ave - Long Term NNN Corporate Waterfalls Car Wash 6,945 SF Specialty Building Offered at $4,977,828 at a 7% Cap Rate in Allen, TX 75002
INVESTMENT HIGHLIGHTS
- Qualifies for bonus depreciation
- Annual rent increases at the greater of 2% or CPI up to 6%, a hedge against inflation
- Long term 17 year lease
- Dallas Metro (income tax free state)
- Absolute NNN lease (zero landlord responsibilities)
- Recession resistant business
EXECUTIVE SUMMARY
INVESTMENT HIGHLIGHTS
• Qualifies for bonus depreciation
• Dallas Metro (income tax free state)
• Annual rent increases at the greater of 2% or CPI up to 6%, a hedge against inflation
• Absolute NNN lease (zero landlord responsibilities)
• Long term 17 year lease
• Recession resistant business
TENANT HIGHLIGHTS
• Strong Corporate Guarantor: FullSpeed Automotive oversees ±900 owned and franchised units, generating $300 million in revenue
• FullSpeed Automotive is a subsidiary of MidOcean Partners, a private equity group that operates and invests in consumer and business services
• MidOcean Partners has $7 Billion of assets under management (www.midoceanpartners.com)
LOCATION HIGHLIGHTS
• Less than 1 mile from Watters Creek Village, a 52-acre mixed use development providing a variety of retail, office and residential options
• Extremely affluent submarket with average household incomes over $153,000 in a 5 mile radius
• Prominent location along Greenville Avenue, a significant Allen thoroughfare with high visibility (±18,945 VPD)
• Complete auto care location
• Qualifies for bonus depreciation
• Dallas Metro (income tax free state)
• Annual rent increases at the greater of 2% or CPI up to 6%, a hedge against inflation
• Absolute NNN lease (zero landlord responsibilities)
• Long term 17 year lease
• Recession resistant business
TENANT HIGHLIGHTS
• Strong Corporate Guarantor: FullSpeed Automotive oversees ±900 owned and franchised units, generating $300 million in revenue
• FullSpeed Automotive is a subsidiary of MidOcean Partners, a private equity group that operates and invests in consumer and business services
• MidOcean Partners has $7 Billion of assets under management (www.midoceanpartners.com)
LOCATION HIGHLIGHTS
• Less than 1 mile from Watters Creek Village, a 52-acre mixed use development providing a variety of retail, office and residential options
• Extremely affluent submarket with average household incomes over $153,000 in a 5 mile radius
• Prominent location along Greenville Avenue, a significant Allen thoroughfare with high visibility (±18,945 VPD)
• Complete auto care location
PROPERTY FACTS
| Price | $4,977,828 | Building Class | B |
| Price Per SF | $716.75 | Lot Size | 0.81 AC |
| Sale Type | Investment | Building Size | 6,945 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1998 |
| Property Subtype | Car Wash | Parking Ratio | 4.9/1,000 SF |
| Zoning | SC - Commercial | ||
| Price | $4,977,828 |
| Price Per SF | $716.75 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.81 AC |
| Building Size | 6,945 SF |
| No. Stories | 1 |
| Year Built | 1998 |
| Parking Ratio | 4.9/1,000 SF |
| Zoning | SC - Commercial |
AMENITIES
- Signage
- Air Conditioning
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | R-3482-000-0010-1 | Improvements Assessment | $698,821 |
| Land Assessment | $444,965 | Total Assessment | $969,804 |
PROPERTY TAXES
Parcel Number
R-3482-000-0010-1
Land Assessment
$444,965
Improvements Assessment
$698,821
Total Assessment
$969,804
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
811 S Greenville Ave - Long Term NNN Corporate Waterfalls Car Wash
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.