Property profile

514 State Hwy Wylie, TX 75098

OFF-MARKET
Retail properties & Spaces
4,238 SF 0.88 ac lot Built 2006
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple ownership of a 4,238 square foot Chase Bank located at 514 S State Hwy 78, Wylie, TX 75098, in Collin County. The property boasts a Class A building constructed in 2006, situated on a 0.88-acre lot with ample parking (35 spaces per 1,000 sq ft). The property is currently operating under a 20-year absolute NNN ground lease with JPMorgan Chase Bank (NYSE: JPM), an investment-grade tenant with a Standard & Poor's A credit rating. The lease commenced January 6, 2007, and has a remaining term of approximately 2.1 years, with four, five-year renewal options. The current asking price is $3,642,736, representing a price per square foot of $859.54 and a 4.75% cap rate based on a current NOI of $173,030. The lease includes 10% rent bumps. This single-tenant, 100% occupied property benefits from a highly visible location on a signalized corner of two major Wylie thoroughfares, featuring monument signage and multiple drive-thru lanes. The property enjoys strong co-tenancy with national and regional brands including Walgreens, Home Depot, McDonald's, Anytime Fitness, Subway, Tractor Supply Co, Albertsons, CVS, and Starbucks. The property is zoned I. This is a rare opportunity to acquire a stable, high-performing investment in a desirable location within the Dallas/Fort Worth metroplex.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2006
Total area 4,238 SF
Lot 0.88 ac (38,333 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

514 State Hwy Wylie, TX 75098
Wylie metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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