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Frisco, TX

Kwik Kar Auto Center

Address:
3280 Legacy Drive, Frisco, TX 75034
Property Type:
Sale Leaseback
Price:
$3,400,000
Cap Rate:
6.25% cap
NOI:
$212,496
Square Feet:
4,956 sqft
Lot Size:
1.2 acres
Price Per Square Foot:
$686.04
Year Built:
2015
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* By downloading the Marketing Package (Offering Memorandum) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

Investment Highlights

Investment Highlights

Investment Highlights

  • 4,956-Square-Foot Single-Tenant Kwik Kar Auto Center Situated on 1.2 Acres and Built in 2015
  • Brick Construction with 24 Parking Spaces and Four Grade-Level Doors
  • Tenant is Committed to 15-Year Sale Leaseback Upon Close with 1.5% Annual Increases and Two Five-Year Renewal Options
  • Kwik Kar Auto Center Provides Self and Full Service Solutions for Automotive Maintenance Needs with Over 350 Locations in Eight States
  • Frontage on Legacy Drive, a Highly Populated Thoroughfare in Frisco
  • Easy Access to Both State Highway 121 and Dallas North Tollway
  • Located Two Minutes from The Star in Frisco, the Dallas Cowboys Headquarters, Which Includes Upscale Shopping, Restaurants, Office Buildings, Apartments, and an Indoor Sports Facility

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 3280 Legacy Drive in Frisco, Texas, leased to Kwik Kar Auto Center. The subject property consists of approximately 4,956 square feet of space and is situated on 1.2 acres of land. Built in 2015, the asset features brick construction with 24 parking spaces and four grade-level doors. The tenant is committed to 15-year sale leaseback upon close with 1.5 percent annual increases and two five-year renewal options. Kwik Kar Auto Center provides self and full-service solutions for automotive maintenance needs with over 350 locations in eight states. The subject property has frontage on Legacy Drive, a highly populated thoroughfare in Frisco, and has easy access to both State Highway 121 and Dallas North Tollway. The asset is also located two minutes from The Star in Frisco, the Dallas Cowboys Headquarters, which includes upscale shopping, restaurants, office buildings, apartments, and an indoor sports facility.

Kwik Kar Auto Care provides services including full-service oil changes, state inspections, scheduled maintenance, and more. Each independently owned and operated, Kwik Kar Automotive Centers are committed to being the industry leader in auto care, which is why their service technicians upgrade their skills and knowledge every year to provide state-of-the-art expertise. Qualified and knowledgeable, Kwik Kar’s auto professionals are Automotive Service Excellence (ASE) certified. (http://kwikkarautocenter.com/)

The Dallas/Fort Worth metroplex is the fourth-most populous metro in the nation with an aggregate of more than 7.1 million residents. It is composed of 13 counties stretching nearly 10,000 square miles. The city of Dallas houses 1.3 million people, followed by Fort Worth with 800,000 residents. Strong job growth continually draws new residents to the region. To accommodate the additional traffic, the region’s transportation network is evolving. Traffic flow is improved as freeways are expanded and miles are being added to tollways and turnpikes. The growth of the transportation network is vital to supporting commuters to the metros numerous corporations and growing industries. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro. The Metroplex is home to 21 Fortune 500 companies and many regional headquarters, drawing workers and residents. The area’s extensive network of rail and highways, along with the International Inland Port of Dallas, ensure its status as a distribution hub.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2021 Marcus & Millichap. All rights reserved. (Activity ID: ZAB0060995)