Contacts
Paul Matusik
Prime Net Lease
Property Details
- Property Type Retail - Freestanding
- Property Size 15,633 SF
- Lot Size 1.05 Acre
- Additional Rent Contact for pricing
- Property Tenancy Single Tenant
- Year Built 1974
- Year Renovated 2022
- Date Updated Oct 29, 2024
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Highlights
- LONG TERM LEASE - The subject property has close to 19 years remaining on the initial term of an Absolute NNN Lease.
- ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands o?" investment. Tenant responsible for all taxes, insurance, and maintenance including roof, structure, and parking lot.
- RENTAL INCREASES - 10% Rental increases every 5 years throughout the base term and option periods give the investor the ability to hedge against inflation.
- EXCELLENT VISIBILITY/TRAFFIC COUNTS - Site is visible from Interstate 35 with 176,049 Vehicles Per Day.
- OUTSTANDING DEMOGRAPHICS - There are over 350,000 residents within a 5-mile radius of the property, with an average household income upwards of $105,000 annually.
- BRAND NEW CONSTRUCTION - The building's built-to-suit construction was completed in August 2022.
- STRONG CORPORATE GUARANTOR - The lease is corporately guaranteed by National Veterinary Associates (NVA) Inc. (1,100 veterinary clinic operator), which is owned by JAB Holdings, CO, a billion dollar company owned by the Reimann family. (One of the wealthiest families in the world.)
Attachments
Getting around
-
Walk Score ®
-
Transit Score ®
-
Bike Score ®
Location
- City Farmers Branch, TX
- Neighborhood Farmers Branch
- Zip Code 75244
- Market Dallas Fort Worth
Points of Interest
-
Royal Lane
3.80 miles
-
Downtown Carrollton
4.35 miles
-
Walnut Hill
5.45 miles
-
Trinity Mills
6.14 miles
-
North Carrollton/Frankford
7.07 miles
-
Lake Highlands
7.24 miles
-
Urban Towers
7.40 miles
-
Hidden Ridge
7.58 miles
-
White Rock
8.07 miles
-
Medical/Market Center
8.47 miles
-
Chevron
0.49 miles
-
Sam's Club
0.56 miles
-
Exxon
1.14 miles
-
Valero
1.50 miles
-
Shell
1.60 miles
-
7-Eleven
1.63 miles
-
Texaco
1.92 miles
-
eVgo
1.94 miles
-
RaceTrac
1.95 miles
-
Preston Royal Village
3.23 miles
-
Orange Garage
1.04 miles
-
Blue Garage
1.14 miles
-
Yellow Garage
1.18 miles
-
Marriott Parking Garage
1.54 miles
-
Parking Garage
5.20 miles
-
visitor parking
5.32 miles
-
Walnut Station Parking
5.38 miles
-
Walnut Glen Parking Garage
5.49 miles
-
Lot V
6.02 miles
-
Valet Parking
6.13 miles
-
Luby's
0.13 miles
-
Wendy's
0.41 miles
-
Schlotzsky's
0.42 miles
-
Taco Bell
0.42 miles
-
In-N-Out Burger
0.52 miles
-
Saltgrass Steak House
0.54 miles
-
Chick-fil-A
0.60 miles
-
Chipotle
0.70 miles
-
Potbelly Sandwiches
0.71 miles
-
Paradise Bakery & Café
1.04 miles
-
Walmart Supercenter
0.69 miles
-
Tom Thumb
1.00 miles
-
Belk
1.06 miles
-
Galleria Dallas
1.10 miles
-
Nordstrom
1.10 miles
-
American Freight
1.14 miles
-
Macy's
1.16 miles
-
Super Target
1.47 miles
-
Ross
1.50 miles
-
Kroger
1.55 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Paul Matusik
Prime Net Lease