For Sale
$1,869,000

2500 Pioneer PkwyPantego, TX 76013

High-traffic, corporate-guaranteed NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a brand-new, 1,500-square-foot Take 5 Oil Change located at 2500 W Pioneer Pkwy, Pantego, TX 76013. Situated on a 24,176-square-foot lot in a high-traffic area with 50,000 vehicles per day, this property benefits from its prime location at the southwest corner of Pioneer Parkway and Bowen Road, providing convenient access to a Walmart shopping center. The property boasts a Class A building constructed in 2024, featuring a single story and 100% occupancy since its opening on September 27, 2024. The absolute NNN lease includes a corporate guarantee, offering significant security for investors. The lease features a strong 5.35% cap rate with a Net Operating Income (NOI) of $100,000. The asking price is $1,869,000, translating to a price per square foot of $1,246. Rent increases are structured with 10% bumps every five years, ensuring consistent growth in rental income. The lease term includes three five-year options, providing long-term stability. Furthermore, this property is a ground lease with 15 years remaining on the ground lease. This is a single-tenant property with a strong tenant in place, making it an attractive investment for those seeking a low-risk, high-return opportunity in the thriving DFW market.

Highlights

  • Brand-new, 1,500 SF Take 5 Oil Change in Pantego, TX.
  • Located on a 24,176 SF lot in a high-traffic area (50,000 VPD) at Pioneer Pkwy & Bowen Rd, near Walmart.
  • Class A building (2024 construction), 100% occupied since September 27, 2024.
  • Absolute NNN lease with corporate guarantee, 5.35% cap rate, $100,000 NOI.
  • Asking price: $1,869,000 ($1,246/SF); 10% rent increases every 5 years; three 5-year lease options; 15 years remaining on ground lease.

Property Details for 2500 Pioneer Pkwy

Property type
Retail properties, Auto shops
Square Feet
1,500 SF
Class
A
Year Built
2024
Buildings
1
Stories
1

Location Insight

City
Pantego
County
Tarrant
State
Texas
Latitude
32.7092265
Longitude
-97.149526
2500 Pioneer Pkwy, Pantego, Texas

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2500 Pioneer Pkwy
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