131 E Ovilla Rd
Red Oak, TX
Price:
$1,048,000
Cap Rate:
5.25%
NOI:
$55,000
Building Size:
Approx. 1,421 Sq. Ft.
Lot Size:
Approx. 0.86 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Parts
Year Built:
2024
Investment Overview
- 2024 Construction. 1,421+/- SF Building on 0.86+/- Acre Site
- New 15-Year Abs. NNN Corporate Ground Lease w/ 10% Rental Increases Every 5 Years, Plus (4) 5-Year Options to Renew
- Located at a Signalized Intersection on a Main Retail Corridor on East Ovilla Road (20,000+ VPD), just off of Interstate 35 (83,838+ VPD)
- 1 Mile from the $1+ Billion Google and Compass Datacenters, 1.5 Miles from Red Oak High School (2,160+ Students), & less than 2 miles from Texas State Technical College (10,200+ Students)
- Strong Income Demos. – Avg. HH Incomes are $105,019, $112,861, and $123,084 w/in a 1-, 3-, & 5-Mile Radius
- Take 5 has over 1,000 Locations & Over $3B in Revenue – Awarded the #1 Spot for Customer Satisfaction for Quick Oil Changes
- Red Oak | High Growth Suburb of Dallas | Population: 20,400+