134 E Ovilla Rd - Storefront FOR SALE


Red Oak, TX 75154
$3,514,148 USD
602-538-7155
134 E Ovilla Rd, Red Oak, TX for Sale
$3,514,148 USD
Storefront - FOR SALE
1/4
null | 5.75% Cap Rate

134 E Ovilla Rd
Red Oak, TX 75154


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 ±18 year lease
  • Recession resistant business

OVERVIEW

INVESTMENT 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 ±18 year lease • Recession resistant business TENANT HIGHLIGHTS • Kwik Kar has been operating in the market since 1986 • Strong Corporate Guarantor: FullSpeed Automotive oversees ±900 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 • Located in retail hub encircled by major brands, including Brookshire’s, KFC, Walgreens, CVS, Ace Hardware, Panda Express, Chick-fil-A, Burger King, McDonald’s, Dairy Queen, and Others. • Outparcel to Walmart Supercenter featuring shared access with prominent national tenants: AutoZone, Dollar Tree, and Anytime Fitness. • Frontage on Ovilla Rd, a major arterial with immediate access to the I-35 Freeway (±95,189 VPD) • Red Oak is currently growing at a rate of 7.57% annually and its population has increased by 39.15% since 2020.

FOR SALE DETAILS

PRICE

$3,514,148 USD

PRICE/SF

$720 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Long Term NNN Kwik Kar in Dallas MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

Commercial

APN/PARCEL ID

200238

ASK ABOUT THIS PROPERTY

Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.