Listed by LanCarte Commercial
$1,161,000
85 Village Lane, Suite 200
Details
Property Type Office
Sub Type Traditional Office
Square Footage 4,300
Units 1
Cap Rate 7.65%
NOI $88,817
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 09/30/2029
Rent Bumps Yes
Price per SqFt $270
Class A
Parking Spaces 7 spaces
Parking per 1,000 SqFt 1.63
Investment Type Net Lease
Tenant Credit Credit Rated
Office | 7.65% CAP | 4,300 SqFt
Marketing description
This property is situated in The Village at Colleyville, at the core of the Dallas/Fort Worth area. Its prime location offers close proximity to a variety of dining and leisure options. Nearby, you'll find popular eateries such as Chick-Fil-A, Einstein Bros. Bagels, and Snuffer's Bar and Grill, along with the convenience of Market Street for shopping. For relaxation and pampering, the Elixir Salon and Spa at the Village is located on the ground floor, along with Temple Coffee & Eatery. Colleyville stands out as one of Texas's most affluent suburbs, rounding out the city's appeal.
Investment highlights
- 4,300 SF office suite
- 100% leased to CPA firm
- Lease expires September 2029
- Private garage parking spaces (7)
- Private balconies
- One, 5-year renewal
- 2.5% annual rent increase
- Current rent/mo: $1,997
- NNN lease
Listing Contacts
Listed by LanCarte Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,816.50
$7,401.38/mo
Valuation Metrics
0
DSCR
7.65%
Cap Rate
7.65%
ROI
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