10101 Custer RdPlano, TX 75025

Property Details for 10101 Custer Rd

Year built

2001

Lot size

1.25 AC

Property size (Sq ft)

7,934 SF

Zone code

COMM

Property type

Commercial real estate

APN

R-8129-001-0030-1

APU

R812900100301

Description

This exceptional investment opportunity presents a 5,511 square foot Kwik Kar auto shop in Plano, Texas. The property sits on a 1.25-acre lot and is currently operating at 100% occupancy under a 20.1-year Absolute NNN lease, commencing May 13, 2022, and expiring May 31, 2042. The lease includes four five-year renewal options with annual rent increases equal to the greater of 2% or CPI, capped at 6%, providing a hedge against inflation. The current Net Operating Income (NOI) is $326,993, yielding a 7.00% cap rate. The tenant, Kwik Kar, benefits from a corporate guarantee, minimizing risk. Located at 10101 Custer Rd, Plano, TX 75025, this property enjoys a prime location less than a mile from major retailers like Walmart, Target, and Lowe's, within a densely populated area with high average household incomes. The property's strong demographics, recession-resistant business model, and long-term lease make it an attractive investment opportunity. The property's APN is R-8129-001-0030-1. The asking price is $4,671,337, with a price per square foot of $847.64. This investment qualifies for bonus depreciation. The property is situated near the Sam Rayburn Tollway, experiencing approximately 59,880 vehicles per day.

• Alternative Use

  Use

  Valuation

  Residential

  $1,999,961

  Hospitality

  $1,831,954

  Educational

  $1,524,164

  Medical

  $1,576,582

  Retail

  $2,370,922

Location Insight

City

Plano

County

Collin

State

Texas

Latitude

33.1173

Longitude

-96.7342

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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