For Sale
$1,996,700
2015 Northwest Hwy Garland, TX 75041
Net-leased bank; strong tenant, high NOI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- $1,996,700 asking price for a 5,350 square foot Capital One Bank in Garland, TX.
- Absolute NNN net lease with a corporate guarantee, offering a 6.06% cap rate and $121,000 annual NOI.
- 20.6-year lease with 2.5 years remaining, expiring June 1, 2027.
- Located on a 1-acre lot at a hard-corner, signalized intersection with high traffic counts near I-635 (LBJ Freeway) on/off ramps.
- Strong tenant: Capital One, a top 10 US bank with 755+ branches and 2,000+ ATMs; property features six drive-thru lanes and prominent pylon signage.
- Desirable location in Garland, TX, consistently ranked among top 10 places to live.
Property Details for 2015 Northwest Hwy
- Property type
- Retail properties, Office properties
- Square Feet
- 5,350 SF
- Year Built
- 2007
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 43,560 SF
- Units
- 1
Location Insight
- City
- Garland
- County
- Dallas
- State
- Texas
- Latitude
- 32.8645512
- Longitude
- -96.6584442
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Net-leased bank; strong tenant, high NOI
- Where is the retail property located?
- The property is located at 2015 Northwest Hwy Garland, TX.
- What is the asking price?
- The asking price for this property is $1,996,700.
- What are key features of this property?
- This property features: $1,996,700 asking price for a 5,350 square foot Capital One Bank in Garland, TX.; Absolute NNN net lease with a corporate guarantee, offering a 6.06% cap rate and $121,000 annual NOI.; 20.6-year lease with 2.5 years remaining, expiring June 1, 2027.
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