Sale Price: $2,600,000
Building Size: 5,016 SF
NOI: $117,000
Cap Rate: 4.50%

The Kase Group is pleased to present the opportunity to acquire a fee simple single tenant Kwik Kar in Gainesville, Texas. The property consists of 5,016 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 Starbucks, Lowe’s Market, Taco Bell and more.

Gainesville is a city in and the county seat of Cooke County, Texas, United States. Its population was 16,002 at the 2010 census. It is part of the Texoma region and is an important Agri-business center.