Sale Price: $3,800,333
Building Size: 4,774 SF
NOI: $171,015
Cap Rate: 4.5%

The Kase Group is pleased to present the opportunity to acquire a fee simple single tenant Kwik Kar in Allen, Texas. The property consists of 4,774 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 and neighboring retailers include Care Now and Walgreens.

Allen is a city in Collin County in the State of Texas, and a northern suburb of Dallas. According to the 2020 U.S. census its population was 104,627, up from 84,246 in 2010. Allen is located approximately twenty miles north of downtown Dallas and is a part of the Dallas–Fort Worth metropolitan area.