Residential Rental Property Under Net
For Sale
Contact for pricing
104 Galloping Tr, Forney, TX 75126
For sale multifamily rental property leased to Residential Net Lease, LLC on an absolute net lease structure.
Property SizeContact for details
Days on Market121
Property Features for 104 Galloping Tr
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
ParaSell Inc
(949) 942-6585
Listed By:
Scott Reid · License #RC51900187
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 12:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ParaSell Inc
Investment Insights
Based on property information with market context.
This for-sale multifamily residential rental property is offered under an absolute net lease structure with a 30-year term as described in the remarks. The lease is presented as shifting taxes, insurance, maintenance, utilities, vacancy, renovation, leasing costs, property management, asset management, appliance replacements, and capital improvements away from the investor. The lease also states approximately 1% annual increases.
The property is leased to Residential Net Lease, LLC (“RNL”), with the remarks noting an NRSRO rating of BBB+ and SEC recognition as investment grade.
The offering materials further describe RNL as capitalized to maintain consistent lease payments through market fluctuations, vacancy, recessions, inflation, and related factors, and mention that an actuarial study is referenced to support the lease reserve position.
The property is leased to Residential Net Lease, LLC (“RNL”), with the remarks noting an NRSRO rating of BBB+ and SEC recognition as investment grade.
The offering materials further describe RNL as capitalized to maintain consistent lease payments through market fluctuations, vacancy, recessions, inflation, and related factors, and mention that an actuarial study is referenced to support the lease reserve position.
Key Highlights
- Multifamily rental property for sale leased to Residential Net Lease, LLC (RNL) under an absolute net lease structure.
- Lease term is 30 years with approximately 1% annual increases.
- Absolute net lease terms described as 0 responsibility for taxes, insurance, maintenance, utilities, vacancy, renovations, leasing costs, and management.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Explore this area
Business Placement
Demographics for 75126, TX
64,573
Population
24,316
Households
2.7
Avg Household Size
32
Median Age
36%
College-Educated
92%
High-School Grad
81.6 sq mi
ZIP Area
791
Density / Sq Mi
$104,001
Median Household Income
$55,453
Median Earnings
$1,930
Median Rent
$337,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - For sale multifamily rental property leased to Residential Net Lease, LLC on an absolute net lease structure.
Where is this multifamily property located?
The property is located at 104 Galloping Tr Forney, TX.
What are key features of this property?
This property features: Multifamily rental property for sale leased to Residential Net Lease, LLC (RNL) under an absolute net lease structure.; Lease term is 30 years with approximately 1% annual increases.; Absolute net lease terms described as 0 responsibility for taxes, insurance, maintenance, utilities, vacancy, renovations, leasing costs, and management.
