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Views: 210 DOM: 436 Updated: 09.12.24 Posted: 09.12.23 Status: Active

Summary

Price $4,671,337
Built/Renov 2001
Tenant Kwik Kar
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,511
Lease Start 05-13-2022
#Units 350
Price/SF $847.64
Expiration 05-31-2042
Tenant Type Automotive
NOI $326,993
R. Term 17.6
Ownership Fee Simple
Rent/SF $59.33
Increases 2.0%/1/yrs
Pop 5Mi 358,241
Lot/AC 1.25
Options 4/5yrs/2%
AHHI 5Mi $157,383

Lease Highlights

  • Tenant has 17+ years remaining on their primary lease with 4 (5-year) options to extend
  • Lease features annual rent increases equal to the greater of 2% or CPI up to 6%
  • Absolute NNN lease I Zero landlord responsibilities
  • Corporate guaranteed lease
  • Income tax free state

Location Description

This Kwik Kar is strategically positioned along Custer Rd., which sees approximately 23,422 vehicles passing by daily. It is also located just off the Sam Rayburn Tollway (59,880+ VPD). The site benefits from being less than 1 mile from a major retail hub with national tenants such as: Walmart Supercenter, Target, Lowe’s and more, creating a strong drive to the trade area. Over 358,241...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Kwik Kar offers the complete package of auto repair services and specializes in full-service oil changes, scheduled maintenance, state inspections, and many other automotive repair services. Kwik...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 15,244 136,043 377,828
2023 Total Population : 14,617 128,434 358,241
2023 Employed Civilian Pop : 8,203 69,232 192,723
2023 Total Businesses : 373 2,511 11,102
2023 Average Household Income : $ 171,041 $ 180,629 $ 157,383
2023 Total Consumer Spending : $ 756 M $ 6665 M $ 17094 M
2023 Median Age : 34 36 36
2023 Total Households : 5,180 43,825 128,310
2023 Pop Age 25+: Bachelor's Degree : 3,353 31,926 92,017
2023 Average Home Value : $ 543,591 $ 514,677 $ 471,913
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Custer Rd Ridgeview Dr 2009 24,120 0.05 mi
Ridgeview Dr Custer Rd 2009 3,340 0.17 mi
Ridgeview Dr Ridgeview Ranch Golf Club 2009 3,990 0.22 mi
Custer Rd Rowlett Rd 2012 23,494 0.45 mi
Hwy 121 Access Rd Rowlett Cemetery Rd 2006 18,588 0.45 mi
Custer Rd Burnside Dr 2012 23,544 0.49 mi
Hwy 121 Access Rd Rowlett Cemetery Rd 2012 12,393 0.52 mi
Sam Rayburn Tollway Independence Pkwy 2021 74,971 0.55 mi
Custer Rd Hwy 121 Access Rd 2016 33,770 0.72 mi
Custer Road Custer Rd 2020 34,284 0.72 mi

Listing Broker

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