905 K AvePlano, TX 75074

This exceptional investment opportunity presents a 8,030 square foot auto shop and storefront located at 905 K Ave, Plano, TX 75074, in Collin County. The property sits on a 0.79-acre lot and is currently occupied by Caliber Collision and Gerber Collision under a 15-year absolute NNN lease with a corporate guarantee. The lease features built-in rent bumps of 8% every 5 years, ensuring consistent income growth. The current Net Operating Income (NOI) is $155,480, yielding a 5.75% cap rate. The asking price for this sale-leaseback opportunity is $2,704,000. This property is ideal for 1031 exchange investors seeking a secure, long-term investment with a strong tenant and significant upside potential. The single-tenant occupancy minimizes management complexities. This offering is available individually or as part of a larger portfolio. The lease is an absolute NNN lease, meaning the tenant is responsible for all property expenses, including taxes, insurance, and maintenance. This significantly reduces the landlord's operational responsibilities. The remaining lease term is 15 years, providing long-term stability and predictable cash flow.