950 Main St Allen, TX 75002-3115

Property Details for 950 Main St

Lot size

8.43 lot acres

Property type

Commercial real estate

APN

L-9820-00A-001A-1

APU

L982000A001A1

Description

This exceptional investment opportunity presents a 43,750-square-foot TOCA Football Training Center in Allen, Texas. Located at 950 E Main St, this facility sits on 8.43 acres and boasts a 15-year modified NNN lease with two 5-year renewal options, expiring May 14, 2037. The lease includes 10% rent bumps every five years during the initial term. The tenant, TOCA Football Inc., a leading North American indoor soccer center operator, pays all operating expenses, including ground rent to the City of Allen. Built in 2010, the property benefits from a strong 6.69% cap rate and a net operating income (NOI) of $217,500. The asking price is $3,251,121, translating to $74.31 per square foot. The property is situated in a high-growth area with an average household income exceeding $139,351 within a 3-mile radius. TOCA's strong financial performance and expansion plans, coupled with the long-term lease and favorable market conditions, make this a compelling investment prospect. The City of Allen has expressed continued support for the facility. This is a rare opportunity to acquire a well-established, high-performing asset in a thriving market. The lease includes unit-level and corporate financial reporting requirements. The long-term ground lease with the City of Allen has 45 years remaining.

Location Insight

City

Allen

County

Collin

State

Texas

Longitude

-96.6477

Latitude

33.0995

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments