10101 Custer Rd Plano, TX 75025-5136

Property Details for 10101 Custer Rd

Year built

2001

Lot size

1.25 lot acres

Property size

7,934 SF

Zone code

COMM

Property type

Commercial real estate

APN

R-8129-001-0030-1

APU

R812900100301

Description

This exceptional investment opportunity presents a 5,511 square foot Kwik Kar auto shop in Plano, Texas. The property sits on a 1.25-acre lot and is currently operating at 100% occupancy under a 20.1-year Absolute NNN lease, commencing May 13, 2022, and expiring May 31, 2042. The lease includes four five-year renewal options with annual rent increases equal to the greater of 2% or CPI, capped at 6%, providing a hedge against inflation. The current Net Operating Income (NOI) is $326,993, yielding a 7.00% cap rate. The tenant, Kwik Kar, benefits from a corporate guarantee, minimizing risk. Located at 10101 Custer Rd, Plano, TX 75025, this property enjoys a prime location less than a mile from major retailers like Walmart, Target, and Lowe's, within a densely populated area with high average household incomes. The property's strong demographics, recession-resistant business model, and long-term lease make it an attractive investment opportunity. The property's APN is R-8129-001-0030-1. The asking price is $4,671,337, with a price per square foot of $847.64. This investment qualifies for bonus depreciation. The property is situated near the Sam Rayburn Tollway, experiencing approximately 59,880 vehicles per day.

Location Insight

City

Plano

County

Collin

State

Texas

Longitude

-96.7342

Latitude

33.1173

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments