2080 Redbud Blvd - Auto Repair FOR SALE


McKinney, TX 75069- Allen/McKinney
$8,828,000 USD
480-221-4221
2080 Redbud Blvd, McKinney, TX for Sale
$8,828,000 USD
Auto Repair - FOR SALE
1/10
null | 6% Cap Rate

2080 Redbud Blvd
McKinney, TX 75069
Allen/McKinney


HIGHLIGHTS

  • Approximately 15 Years Remaining | Options To Extend | Scheduled Rental Increases
  • Industrial NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Near Cameron Crossing | Target and Lowe’s Anchored Center | Dense Retail Corridor
  • Signalized, Hard Corner Intersection | High Traffic Area
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an industrial NNN leased, Texas Collision Centers investment property located in McKinney, Texas. The tenant, Texas Collision Centers, LLC, has approximately 15 years of term remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2.50% annual increases throughout the initial term and possible increases equal to the fair market value at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is industrial NNN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$8,828,000 USD

PRICE/SF

$293 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Collision Centers

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

undefined, Freestanding, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

93

LAND DETAILS

LAND ACRES

2.78 AC

LAND SF

121,097 SF

ZONING

PD

APN/PARCEL ID

R-2161-00E-0070-1

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.