3480 Main StFrisco, TX 75034

This exceptional investment opportunity presents a 6,864 square foot auto repair shop located at 3480 Main St, Frisco, TX 75034, in Denton County. The property, built in 2005 and renovated in 2023, sits on a 0.89-acre lot and boasts a strong 100% occupancy rate. Secured by a corporate guarantee, the absolute NNN lease features a 20-year term commencing May 23, 2023, and expiring June 1, 2043, with a remaining term of 18.5 years. The lease includes 4, 5-year renewal options and attractive 1.50% annual rent increases. The current annual net operating income (NOI) is $245,481, resulting in a compelling 5.50% cap rate and a price per square foot of $650.25. The asking price for this fee-simple ownership is $4,463,300.18. Benefiting from heavy daytime foot and car traffic, this property is ideally situated within affluent Frisco suburbs, including The Trails, Heather Ridge Estates, and Westfalls Village, boasting an average household income exceeding $134,538 within a one-mile radius. This is a rare opportunity to acquire a stable, long-term net lease investment with significant upside potential.