10101 Custer Rd, Plano, TX 75025
7,934 SF | Retail Building | Plano, TX 75025 | $4,671,337 ($589/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 7 days
Asking Price $4,671,337
- Property Type
-
Retail
- Square Feet
- 7,934 SF
- Price / Square Foot
- $589
Listing Contacts
Chris Hollenbeck
Verified Profile
Shane Carter
Verified Profile
Kristopher Von Hohn
Verified Profile
- Property Info
Property Overview
INVESTMENT HIGHLIGHTS
- Qualifies for bonus depreciation (see next page)
- Dallas Metro (income tax free state)
- Annual rent increases at the greater of 2% or CPI up to 6%, a hedge against inflation
- Absolute NNN lease (zero landlord responsibilities)
- Long term 19 year lease
- Recession resistant business
TENANT HIGHLIGHTS
- Kwik Kar has been operating in the market since 1986
- Strong Corporate Guarantor: FullSpeed Automotive oversees ±588 owned and franchised units, generating $300 million in revenue -FullSpeed Automotive is a subsidiary of MidOcean Partners, a private equity group that operates and invests in consumer and business services
- MidOcean Partners has $7 Billion of assets under
management (www.midoceanpartners.com)
LOCATION HIGHLIGHTS
- Less than 1 mile from retail hub with national tenants such as: Walmart Supercenter, Target, Lowe’s and more
- Densely populated trade area with over 358,241 residents in a 5 mile radius.
- Strong average household incomes over $180,629 in a 3 mile radius
- Located just off the Sam Rayburn Tollway (±59,880 VPD)
- Qualifies for bonus depreciation (see next page)
- Dallas Metro (income tax free state)
- Annual rent increases at the greater of 2% or CPI up to 6%, a hedge against inflation
- Absolute NNN lease (zero landlord responsibilities)
- Long term 19 year lease
- Recession resistant business
TENANT HIGHLIGHTS
- Kwik Kar has been operating in the market since 1986
- Strong Corporate Guarantor: FullSpeed Automotive oversees ±588 owned and franchised units, generating $300 million in revenue -FullSpeed Automotive is a subsidiary of MidOcean Partners, a private equity group that operates and invests in consumer and business services
- MidOcean Partners has $7 Billion of assets under
management (www.midoceanpartners.com)
LOCATION HIGHLIGHTS
- Less than 1 mile from retail hub with national tenants such as: Walmart Supercenter, Target, Lowe’s and more
- Densely populated trade area with over 358,241 residents in a 5 mile radius.
- Strong average household incomes over $180,629 in a 3 mile radius
- Located just off the Sam Rayburn Tollway (±59,880 VPD)
Property Details
- Year Built
- 2001
- Stories
- 1
- Property Subtype
- Vehicle Related, Freestanding
- Lot Size (sq. ft)
- 54,450 SF
Highlights
- Qualifies for bonus depreciation
- Dallas Metro (income tax free state)
- Annual rent increases at the greater of 2% or CPI up to 6%, a hedge against inflation
- Absolute NNN lease (zero landlord responsibilities)
- Long term 19 year lease
Nearby Properties
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