Sale Price: $2,311,111
Building Size: 3,900 SF
NOI: $104,000
Cap Rate: 4.50%

The Kase Group is pleased to present the opportunity to acquire a fee simple single tenant Kwik Kar in Sulphur Springs, Texas. The property consists of 3,900 square feet. Kwik Kar is subject to a new 20 year absolute NNN lease with zero landlord obligations. The lease calls for four, 5 year options to renew with annual increases of 2% or CPI, a complete hedge against inflation. This property is well situated on a major commercial thoroughfare.

Sulphur Springs is a city in, and the county seat of, Hopkins County, Texas, United States. As of the 2010 census, its population was 15,449. Sulphur Springs is located along the western edge of Northeast Texas. Sulphur Springs is served by these highways that run through the city: Interstate 30, U.S. Highway 67 (runs concurrent with Interstate 30), State Highway 11, State Highway 19, State Highway 154 and State Loop 301.