520 Shepherd Dr - Manufacturing FOR SALE


Garland, TX 75042
$6,400,000 USD
480-221-4221
520 Shepherd Dr, Garland, TX for Sale
$6,400,000 USD
Manufacturing - FOR SALE
1/5
null | 7.5% Cap Rate

520 Shepherd Dr
Garland, TX 75042


HIGHLIGHTS

  • New 10-Year Lease | Options To Extend | Scheduled Rental Increases
  • NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dallas College | Primary Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• 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

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$381 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Revolving Kitchen | New 10yr Corp NNN

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

12 Ft

DOCKS

2

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.84

LAND SF

80,150

ZONING

S 06-18

APN/PARCEL ID

26515500000010000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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