This Retail Property is no longer advertised on LoopNet.com.

400 W McDermott Dr
Allen, TX 75013

Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Full absolute triple net lease (zero landlord responsibilities)
  • Dallas Metro (income tax free state)
  • Strong Corporate Guarantor: FSA oversees 700+ owned and franchised units in 5 countries – generating ~$300 million in revenue
  • Annual rent increases @ the Greater of 2% or CPI, a complete hedge against inflation.
  • High Margin Business: FSA has consistently achieved high EBITDA margins (20+%) and enjoys high free cash flow conversion (90+%)
  • Exceptional Site-Level Performance: the subject unit is among the top performing units in the FSA system, boasting rent coverage of 2.4x

PROPERTY FACTS

Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,508 SF
Building Class
C
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.35 AC
Zoning
C1
Parking
14 Spaces (5.58 Spaces per 1,000 SF Leased)
  • Listing ID: 25817309

  • Date on Market: 5/31/2022

  • Last Updated:

  • Address: 400 W McDermott Dr, Allen, TX 75013