131 E Ovilla Rd
Red Oak, TX
Price:
$2,586,500
Cap Rate:
5.60%
NOI:
$145,000
Building Size:
Approx. 1971 Sq. Ft.
Lot Size:
Approx. 1.56 Acres
Type:
Multi-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2024
Investment Overview
- 2024 Construction. 1,971+/- SF Building on 1.56+/- Acre Site
- Brand New, 15 Year NNN Ground Leases with 10% Rental Increases Every 5 Years
- Large 1.56 Acre Parcel Located on a Major Signalized Intersection with 20,000+ VPD
- High Growth Suburb of Dallas with 41.75% Population Increase Since 2020
- Unlike Most Coffee Chains, 7 Brew’s Unique Business Model Centers Solely on Drive-Thru Business and sees over $2.4M in Annual Revenue
- Take 5 has over 1,000 Locations & Over $3B in Revenue – Awarded the #1 Spot for Customer Satisfaction for Quick Oil Changes
- Red Oak | 47.75% Population Increase Since 2020 | MSA Population: 8,100,000+