2050 State Hwy, Unit 78 Wylie, TX

This property features a brand new construction scheduled for completion in 2025, with an estimated rent commencement date of December 2025. It is subject to a corporately guaranteed lease, with an S&P rating of BB+. The property is offered as a 20-year absolute NNN ground lease, ensuring zero management responsibilities for the owner. The lease includes attractive 8% rental increases every 5 years throughout its term. Situated at the signalized intersection of State Hwy 78 and Westgate Way, the location benefits from high traffic counts, with over 34,022 vehicles passing through the intersection daily. The surrounding area has a 5-mile population of 154,912 residents and affluent demographics, with an average household income of $137,304 annually. The population is expected to grow by nearly 9% over the next 5 years. Located in Wylie, one of the fastest-growing cities in the northeast suburbs of Dallas, the property offers a total size of 2,824 square feet.