545 S Belt Line Rd - STNL 20-Year NNN Lease | Land & Building
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545 S Belt Line Rd - STNL 20-Year NNN Lease | Land & Building
3,782 SF Specialty Building Offered at $4,565,000 at a 6.90% Cap Rate in Irving, TX 75060
Investment Highlights
- High Traffic Site with 31,000+ Cars Per Day Directly in Front of the Property
- Surrounded by National Tenants and New Development
- Fee Simple - Land & Building - Depreciable Asset
- Large 1.24 Acre Corner Parcel
- Excellent Demographics - Large Population & Daytime Employment
Executive Summary
New Long-Term 20-Year Absolute NNN Lease at Close of Escrow
- Multi-State Express Car Wash Operator Washing Millions of Cars Every Year
- 43 Locations Across Texas, California, Nevada & Arizona
- Long-Term Lease with 1.5% Annual Increases
- Tenant Responsible for All Expenses - Zero Landlord Responsibilities
- Multi-State Express Car Wash Operator Washing Millions of Cars Every Year
- 43 Locations Across Texas, California, Nevada & Arizona
- Long-Term Lease with 1.5% Annual Increases
- Tenant Responsible for All Expenses - Zero Landlord Responsibilities
Property Facts
| Price | $4,565,000 | Lot Size | 1.24 AC |
| Price Per SF | $1,207 | Building Size | 3,782 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.90% | Year Built/Renovated | 2013/2018 |
| Property Type | Specialty | Parking Ratio | 2.66/1,000 SF |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Building Class | B |
| Price | $4,565,000 |
| Price Per SF | $1,207 |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.24 AC |
| Building Size | 3,782 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2013/2018 |
| Parking Ratio | 2.66/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Signage
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PROPERTY TAXES
| Parcel Number | 320556200A0010000 | Improvements Assessment | $1,074,730 |
| Land Assessment | $324,080 | Total Assessment | $1,398,810 |
PROPERTY TAXES
Parcel Number
320556200A0010000
Land Assessment
$324,080
Improvements Assessment
$1,074,730
Total Assessment
$1,398,810
zoning
| Zoning Code | Z43 |
| Z43 |
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545 S Belt Line Rd - STNL 20-Year NNN Lease | Land & Building
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