Home Depot Garland TX

$ 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

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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

Agent profile image
Properties Qty: 1 Rating:
Kevin W. Williams
damirgasparlin@hotmail.com

Tenant Overview

  • Tenant: White Oak Station LLC