McKinney, TX - Texas Collision Center

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an industrial NNN leased, Texas Collision Centers investment property located in McKinney, Texas. The tenant, Texas Collision Centers, LLC, has approximately 15 years of term remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2.50% annual increases throughout the initial term and possible increases equal to the fair market value at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is industrial NNN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

The Texas Collision Centers is located near the signalized, hard-corner intersection of US Highway 380 and Redbud Boulevard, combining to average over 60,100 vehicles passing by daily. US Highway 380 is a major retail thoroughfare serving the city of McKinney. Additionally, the site is located just off of US Highway 75, which sees over 152,000 VPD. The asset is located to a 217,000+ square foot Walmart Supercenter. The asset is in close proximity to a 217,000+ square foot Walmart Supercenter and a Target and Lowe’s anchored shopping center, that features national/credit tenants including Chipotle, Buffalo Wild Wings, Verizon, Jimmy John’s, and more. In addition, the site is located just over a mile from Cameron Crossing, which features tenants such as Best Buy, Office Depot, Chick-fil-A, Shake Shack, Starbucks, and others. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Sam’s Club, Kroger, Home Depot, Academy, Raising Cane’s, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 133,000 with an affluent average household income of $152,721.