905 K AvePlano, TX 75074

Property Details for 905 K Ave

Year built

2003

Lot size

0.79 AC

Property size (Sq ft)

8,030 SF

Zone code

LC

Property type

Commercial real estate

APN

R-0250-004-013R-1

APU

R0250004013R1

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $2,024,160

  Hospitality

  $1,854,120

  Educational

  $1,542,606

  Medical

  $1,595,658

  Retail

  $2,399,609

Location Insight

City

Plano

County

Collin

State

Texas

Latitude

33.0122

Longitude

-96.6998

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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