3820 State 121 Hwy - Retail FOR SALE


Plano, TX 75024
$6,195,000 USD
949-506-2009
3820 State 121 Hwy, Plano, TX for Sale
$6,195,000 USD
Retail - FOR SALE
1/6
null | 5.65% Cap Rate

3820 State 121 Hwy
Plano, TX 75024


HIGHLIGHTS

  • 20-Year Sale-Leaseback | 10% Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Part of the Coit Marketplace Development | Frontage to 123,500 VPD
  • Extremely Affluent Plano Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Super Star Car Wash investment property located in Plano, Texas. The tenant, Super Star Car Wash will commence a brand new 20-year lease at the close of escrow, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$6,195,000 USD

PRICE/SF

$1,239 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Super Star Car Wash | 20yr Abs NNN SLB

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

RC

APN/PARCEL ID

R-11153-00A-0020-1

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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