Sale Price: $3,430,556
Lot Size: 1.36 Acres
Building Size: 4,180 SF
NOI: $154,375
Cap Rate: 4.5%

The Kase Group is pleased to present the opportunity to acquire a fee simple single tenant Kwik Kar in Ennis, Texas. The property consists of 4,180 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 H-E-B, Chicken Express, Walgreens, Walmart Supercenter and more.

Ennis is a city in eastern Ellis County, Texas, United States. The population was 19,934 as of 2018, up from 16,454 at the 2000 census. It is the third largest city in Ellis County, with the county seat of Waxahachie being the largest and the city of Midlothian being the second largest. Ennis is home to the National Polka Festival.