Active
426 Metro Park Drive
Mc Kinney TX, 75071
$1,775,000
$246.53 per sqft
Active
7,200 sqft
Commercial
Built in 1994
Railhead Realty, LLC is pleased to announce the exclusive listing for a leased
fee interest in a corporate signed, NNN ground lease,
Enterprise Truck Rental located in Mckinney, Texas. EAN
Holdings, LLC, doing business as Enterprise Truck Rental. With
approximately 6.5 years left on the initial term with 4 (5 year) option periods
to extend. The lease features 7.5% rental increases at the beginning of each
option period, increasing NOI and hedging against inflation. With minimal owner responsibilities, this NNN is a management free passive
investment. Owner responsibilities are limited to maintaining liability
insurance. EAN Holdings currently operates over 7,000 Rent-A-Car locations
worldwide.
20601258
MLSⓇ ID
May 9, 2024
Updated
Map
426 Metro Park Drive
Mc Kinney TX, 75071
Interior Features
Total Stories
1
Floor Description
Carpet, Concrete
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
1.78 Acres
Roof
Asphalt
Sewer
Public Sewer
Other Property Details
Taxes
$30,846
Tax Frequency
Annually
Days on Market
6
Garage
No
Parking
Additional Parking, Concrete, Enclosed
View
No
County
Collin
Water Source
Public
Pool
No
Buyer Agency Compensation
2%
Listed by Jacob Peoples with RAILHEAD REALTY, LLC
Listing Contact: 817-441-2255
The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 5/9/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 5/9/2024 at 3:34 PM UTC