Perryton Pkwy Pampa, TX 79065
- Retail properties
- 1,392 SF
- 0.33 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Perryton Pkwy
- Year built
- 2024
- Lot size
- 0.33 lot acres
- Property size
- 1,392 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 1,392 square foot Take 5 Oil Change in Pampa, Texas. Located on Perryton Pkwy, this property boasts a strong 6.25% cap rate and a substantial $100,000 annual net operating income (NOI). The property is situated on a 0.33-acre lot and features a brand-new building constructed in 2024. The investment is secured by a 20-year absolute triple-net (NNN) lease with a corporate guarantee from Driven Funding Holdco, LLC, a company operating 3,500+ units, ensuring consistent cash flow. The lease includes four, five-year tenant renewal options, providing long-term stability. Annual rent escalations of 1.50% commencing in year two further enhance the investment's return. The asking price is $1,600,000, translating to a price per square foot of $1,149.43. This is a turnkey investment with 100% occupancy, offering a secure and attractive return for discerning investors seeking a stable, long-term net lease property in a thriving Texas market. The property's prime location and strong tenant ensure a reliable income stream for years to come. This is a rare opportunity to acquire a high-quality, net-leased asset with significant upside potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pampa
- County
- Gray
- State
- Texas
- Longitude
- -100.968
- Latitude
- 35.5648
