Red Oak, TX (Dallas MSA) 75154

Kwik Kar

Property Address

134 East Ovilla Road, Red Oak, TX, USA

Offering Summary

  • Price: $3,508,190
  • Lot Size: .48 Acres
  • Cap Rate: 5.25%
  • Year Built: 1998
  • Building SF: 4,092
  • Status: Available
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  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • Corporate Guaranty - 700+ Unit Operator
  • Annual Rent Increases at the Greater of 2% or CPI (Capped at 6%)
  • Property Qualifies for 100% Year 1 Bonus Depreciation or 15 Year Accelerated Depreciation Per IRS 1250 Property Designation
  • Outparcel to Walmart Supercenter, with Shared Ingress/Egress with National Tenants: AutoZone, Dollar Tree, and Anytime Fitness
  • High Visibility Location Along East Ovilla Road (Over 28,000 Cars / Day)
  • Immediate Connection to Interstate-35 East Freeway with Over 92,370 Cars/Day
  • Prime Retail Corridor Surrounded by Walmart, KFC, Walgreens, CVS, Ace Hardware, Panda Express, Chick-fil-A, Burger King, McDonald’s, Dairy Queen and More
  • Connected to the Dallas MSA - Income Tax Free State

Broker Information