26623 E University Dr
Little Elm, TX
Price:
$3,443,000
Cap Rate:
5.45%
NOI:
$187,607
Building Size:
Approx. 4,042 Sq. Ft.
Lot Size:
Approx. 0.87 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Parts
Year Built:
2020
Investment Overview
- 2020 Construction 4,042+/- SF Building on 0.87 +/- Acre Site
- New Corporate Absolute NNN Lease with 10% rent increases every 5-years in primary terms and options
- Strategically located along U.S. 380 and East University Dr. (46,000 VPD) in the northern part of Little Elm
- 3-mile radius | 61k people and $123k average household income | 1,107% population increase from 2000 to 2020
- Close proximity to major national credit tenants such as Walmart, Starbucks, Chick-Fil-A, ALDI and many more
- Greater DFW Metroplex (MSA) | Population 7.5M+ | 4th largest city in the USA