Overview

Description

PROPERTY DESCRIPTION
This is the opportunity to purchase an absolute NNN leased 3,754 square feet Car Wash in Irving, Texas. The tenant, Sunset Car Wash has 19 years remaining on the lease with two, 10-year options to renew and subject to 2% annual increases. The subject benefits from its location along N Belt Line Rd, which averages 59,000+ vehicles per day from combined nearby roads and neighboring retailers that include Family Dollar, Church's Chicken, O'Reilly Auto Parts, T-Mobile, Taco Bell, Dollar General, Starbucks and more.

LOCATION DESCRIPTION
Irving, Texas, is centrally situated between Dallas and Fort Worth, and it is home to more than 240,000 residents. The city’s rich diversity is exhibited by its population and the number of languages spoken by residents. In fact, Irving lays claim to the one of the most diverse ZIP code in the United States - 75038. Of Irving’s 67.9 square miles of land area, more than 23-square miles are dedicated to master-planned developments and districts. These well-designed developments include the Heritage Crossing District, Las Colinas, Valley Ranch and multiple retail centers. Irving has more than 100 shopping centers and more than 500 restaurants offering a variety of cuisines. Irving also boasts three fully-accredited institutions of higher learning: DeVry Institute of Technology, Dallas College North Lake Campus and the University of Dallas.

Highlights

• Absolute NNN Lease
• Zero Landlord Obligations
• Annual Increases
• Bonus Depreciation
• Heavily Trafficked Location - 59,000 + VPD
• Desirable Demographics - Over 100K Residents Within a 3-Mile Radius
• Neighboring retailers that include Family Dollar, Church's Chicken, O'Reilly
• Auto Parts, T-Mobile, Taco Bell, Dollar General, Starbucks and more.

Documents

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