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
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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
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Location
- City Farmers Branch, TX
- Neighborhood Farmers Branch
- Zip Code 75244
- Market Dallas Fort Worth
Points of Interest
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Farmers Branch
3.42 miles
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Royal Lane
3.79 miles
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Walnut Hill/Denton
4.32 miles
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Carrollton Train Depot
4.34 miles
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Downtown Carrollton Station
4.35 miles
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Forest Lane
4.69 miles
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LBJ/Central
5.11 miles
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Walnut Hill
5.45 miles
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Bachman
5.84 miles
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Park Lane
5.87 miles
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Exxon
0.38 miles
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Chevron
0.49 miles
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Sam's Club
0.56 miles
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ChargePoint
0.58 miles
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Valero
1.50 miles
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Kroger
1.62 miles
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7-Eleven
1.63 miles
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AMC Village On The Parkway 9
1.71 miles
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Tesla Supercharger
1.73 miles
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GE Wattstation
1.83 miles
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Orange Garage
1.04 miles
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Blue Garage
1.14 miles
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Yellow Garage
1.18 miles
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Marriott Parking Garage
1.54 miles
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Addison Circle One
2.24 miles
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MAA Addison Circle (10)
2.28 miles
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TWO Addison Circle Parking
2.36 miles
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Two & Three Forest Parking Garage
3.95 miles
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The Towers at Mercer Crossing
4.72 miles
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Parking Garage
5.20 miles
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Luby's
0.13 miles
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Wendy's
0.41 miles
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Schlotzsky's
0.42 miles
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Taco Bell
0.42 miles
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Fuzzy's
0.45 miles
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In-N-Out Burger
0.52 miles
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Saltgrass Steak House
0.54 miles
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McDonald's
0.54 miles
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Chick-fil-A
0.60 miles
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Chipotle
0.70 miles
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Walmart Supercenter
0.67 miles
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Tom Thumb
1.00 miles
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Galleria Dallas
1.10 miles
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Nordstrom
1.11 miles
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American Freight
1.14 miles
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Macy's
1.16 miles
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Target
1.47 miles
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Ross
1.50 miles
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Kroger
1.55 miles
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Charter Furniture Clearance Outlet
1.69 miles
In-Depth Research Available for this Property
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Contact Listing Broker
Paul Matusik
Prime Net Lease