Golden Chick - Rowlett, TX
9103 Lakeview Pkwy, Rowlett, TX, 75088, US
SEK 30,249,000 | 359 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Valvoline located at 26605 US-380 in Providence Village, Texas (the “Property” or “Asset”). The newly constructed Property is secured by a 15.0-year absolute NNN ground lease (14.7 years remaining) featuring 10.0% rental increases every five years and three, five-year renewal options.
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Attributes
Asking price
SEK 20,826,000
Cap rate
5.25%
NOI
SEK 1,094,000
Building area net
171 m²
Year built
2026
Land area gross
0.31 ha
WALT
14.7 years
Media
Investment Highlights
- Absolute NNN ground lease with zero landlord responsibilities
- ±14.7 years of primary lease term remaining with escalations
- Sprouts Farmers Market grocery store outparcel; nearest other location is 9+ miles away
- $140K average household income within 1 mile radius
- #2 largest oil change chain in the world
- 12k single family units delivered since 2024 with 8k units coming soon (within 5 miles)
- 287% population growth since 2010 within 3 mile radius
- Frontage along US 380 with accessibility to 45,000 VPD
- In proximity to University of North Texas and Texas Woman’s University (62,000+ students)
Contact brokers
Valvoline - Providence Village, TX (0 Properties)
