2972 FM 423 - Freestanding FOR SALE


Little Elm, TX 75068
$2,600,000 USD
203-887-8797
2972 FM 423, Little Elm, TX for Sale
$2,600,000 USD
Freestanding - FOR SALE
1/3
null | 6% Cap Rate

2972 FM 423
Little Elm, TX 75068


HIGHLIGHTS

  • Brand New 20-Year Absolute Triple Net Sale Leaseback Upon Close of Escrow
  • Attractive 10% Rental Increases
  • Operated by PARC Auto, Which is Driven Brand Inc's Largest Meineke Franchisee in the Nation
  • #1 Meineke in Texas Top 3% Nationwide

OVERVIEW

Surmount is pleased to present the exclusive listing for a Meineke Car Care located at 2972 Farm to Market Road 423, Little Elm, TX 75068. The site consists of roughly 4,872 rentable square feet of building space on an estimated 1.04-acre parcel of land. This Meineke Car Care is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $156,000 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$534 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meineke Car Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,285 SF

ZONING

-

APN/PARCEL ID

R648034

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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