Service Street Auto Repair - Frisco | 3480 W Main St
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Service Street Auto Repair - Frisco 3480 W Main St
6,864 SF Retail Building Frisco, TX 75033 £3,526,052 (£514/SF) 5.50% Net Initial Yield
Investment Highlights
- 20 Year Absolute Net Lease
- Property located within the wealthiest suburbs in Frisco, TX, including The Trails, Heather Ridge Estates, and Westfalls Village
- Heavy daytime foot and car traffic
Executive Summary
3480 W Main St, Frisco, TX 75033
Lease Type: Absolute NNN
Ownership Type: Fee Simple
Tenant Guarantor: Corporate
Asking Price: $4,463,300.00
NOI $245,481.51
Cap Rate: 5.50%
Primary Term 20 Years
Remaining Term: 18.5 Years+
Rent Increases: 1.50% Annual
Renewal Options: Four (4), 5-Year
Land Size (Acres): 0.89
Year Renovated: 2023
New Development Single Tenant Net Lease (STNL) Auto Repair Shop
Lease Type: Absolute NNN
Ownership Type: Fee Simple
Tenant Guarantor: Corporate
Asking Price: $4,463,300.00
NOI $245,481.51
Cap Rate: 5.50%
Primary Term 20 Years
Remaining Term: 18.5 Years+
Rent Increases: 1.50% Annual
Renewal Options: Four (4), 5-Year
Land Size (Acres): 0.89
Year Renovated: 2023
New Development Single Tenant Net Lease (STNL) Auto Repair Shop
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,864 SF
Building Class
B
Year Built/Renovated
2005/2023
Price
£3,526,052
Price Per SF
£514
Net Initial Yield
5.50%
NOI
£193,933
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Land Acres
0.89 AC
Zoning
F1 - Real Commercial
Parking
48 Spaces (6.99 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R274052 | Improvements Assessment | £586,350 |
| Land Assessment | £611,759 | Total Assessment | £1,198,109 |
PROPERTY TAXES
Parcel Number
R274052
Land Assessment
£611,759
Improvements Assessment
£586,350
Total Assessment
£1,198,109
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Jeffrey Aron -
Matthew Kivnani -
Power Broker Sandy Aron -
Hunington Properties, Inc.
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Service Street Auto Repair - Frisco | 3480 W Main St
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