Details
Asking Price: $ 6,200,000.00- Property Type: Retail
- Year built: 2001
- Square Footage: 8000 sq ft
- Occupancy (%): 90
- Parking (spaces): 24
- Lease Type: NNN
- Lease Term (Years): 5
- Cap Rate (%): 7.5
- Renewal Options: 4 x 5yrs
- Rental Increases: Fixed
Marketing 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 Similar Investment Opportunities
USRealty Co, specializing in absolute triple net lease opportunities
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Agent
Tenant Overview
- Tenant: White Oak Station LLC
