Kwik Kar NNN Property For Sale — Plano, TX · 5,043 SF
Plano, TX 75024
Prime absolute NNN investment opportunity featuring a Kwik Kar automotive service facility in Plano, Texas. The property offers over 16 years of remaining initial lease term, supported by four 5-year renewal options with annual rent increases set at the greater of 2% or CPI (capped at 6%). The lease is backed by a corporate guarantee from MOP GM Holding, LLC, parent entity of FullSpeed Automotive (operating 900+ locations nationwide). Ideally positioned along Preston Road with traffic counts exceeding 45,000 VPD, the site benefits from affluent North Dallas demographics with an average household income over $163,000 within three miles and close proximity to major employers in the Legacy Business Park. This recession-resistant, zero-landlord-responsibility asset also qualifies for bonus de…
- Address: Plano, TX 75024
- Asking price $4.41M
- 6.35% cap rate
- NOI $279,931
- 16 years remaining
- NNN lease
- Year built: 2004
- Building size: 5,043 SF
- Lot size: 0.95 acres
- Rent increases: Annual rental increases at the greater of 2% or CPI (capped at 6%) throughout base term and options
- Guarantor: Corporate
Location
This Kwik Kar property is in Plano, Texas.
Asset type: Auto Service / Retail