$ 6,200,000.00
$ 6,200,000.00
130 W State St, Garland, TX 75040, USA
Description
USRealty Co is pleased to present a rare Absolute NNN Ground Lease opportunity that is leased to The Home Depot (S&P Rated A Investment Grad Credit – NYSE: HD). This is an extremely rare property located in the Texas Garland and unlike anything else on the market. The offering is 100% fee simple interest, including 4 (5) year options to renew the lease. There are scheduled increases of approximately 7.5% every 5 years at each renewal option.
- Corporate Guarantee
- Located on a Major Commercial Thoroughfare
- Scheduled Increases
- Zero Landlord Obligations
View on map / Neighborhood
Property Data
- Property Type: Retail
- Year built: 2001
- Square Footage: 8000 sq ft
- Occupancy (%): 90
- Parking (spaces): 24
Lease-Data
- Lease Type: NNN
- Lease Term (Years): 5
- Cap Rate (%): 7.5
- Renewal Options: 4 x 5yrs
- Rental Increases: Fixed
Agent
Properties Qty: 1
Tenant Overview
- Tenant: White Oak Station LLC