For Sale
$1,600,000

0 Perryton PkwyPampa, TX 79065

High-yield NNN lease, corporate guarantee.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 1,392 square foot Take 5 Oil Change in Pampa, Texas. Located on Perryton Pkwy, this property boasts a strong 6.25% cap rate and a substantial $100,000 annual net operating income (NOI). The property is situated on a 0.33-acre lot and features a brand-new building constructed in 2024. The investment is secured by a 20-year absolute triple-net (NNN) lease with a corporate guarantee from Driven Funding Holdco, LLC, a company operating 3,500+ units, ensuring consistent cash flow. The lease includes four, five-year tenant renewal options, providing long-term stability. Annual rent escalations of 1.50% commencing in year two further enhance the investment's return. The asking price is $1,600,000, translating to a price per square foot of $1,149.43. This is a turnkey investment with 100% occupancy, offering a secure and attractive return for discerning investors seeking a stable, long-term net lease property in a thriving Texas market. The property's prime location and strong tenant ensure a reliable income stream for years to come. This is a rare opportunity to acquire a high-quality, net-leased asset with significant upside potential.

Highlights

  • $1,600,000 asking price for a 1,392 SF net-leased auto shop in Pampa, TX.
  • 20-year NNN lease with a corporate guarantee from Driven Funding Holdco, LLC (3,500+ units).
  • 6.25% cap rate with a $100,000 annual net operating income (NOI).
  • 1.5% annual rent increases starting in year two, plus four 5-year renewal options.

Property Details for 0 Perryton Pkwy

Property type
Retail properties, Auto shops
Square Feet
1,392 SF
Year Built
2024
Lot Size (sq. ft)
14,375 SF

Location Insight

City
Pampa
County
Gray
State
Texas
Latitude
35.5648437
Longitude
-100.9684973
Perryton Pkwy, Pampa, Texas

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