3480 Main St Frisco, TX 75033-4425

Property Details for 3480 Main St

Year built

2005

Lot size

0.89 lot acres

Property size

6,864 SF

Property type

Commercial real estate

APN

R274052

APU

R274052

Description

This exceptional investment opportunity presents a 6,864 square foot auto repair shop located at 3480 Main St, Frisco, TX 75034, in Denton County. The property, built in 2005 and renovated in 2023, sits on a 0.89-acre lot and boasts a strong 100% occupancy rate. Secured by a corporate guarantee, the absolute NNN lease features a 20-year term commencing May 23, 2023, and expiring June 1, 2043, with a remaining term of 18.5 years. The lease includes 4, 5-year renewal options and attractive 1.50% annual rent increases. The current annual net operating income (NOI) is $245,481, resulting in a compelling 5.50% cap rate and a price per square foot of $650.25. The asking price for this fee-simple ownership is $4,463,300.18. Benefiting from heavy daytime foot and car traffic, this property is ideally situated within affluent Frisco suburbs, including The Trails, Heather Ridge Estates, and Westfalls Village, boasting an average household income exceeding $134,538 within a one-mile radius. This is a rare opportunity to acquire a stable, long-term net lease investment with significant upside potential.

Location Insight

City

Frisco

County

Denton

State

Texas

Longitude

-96.8598

Latitude

33.1537

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments