Investment Highlights
- Brand New, 10-Year, Triple Net (NNN) Lease
- Two, Five-Year Renewal Options, Bringing Total Potential Lease Term to 20 Years
- 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
- Brand New Construction with 20-Year Firestone Red Shield Roof Warranty
- Part of the Dallas/Fort Worth Metropolitan Area | 11 Miles from Downtown Dallas
- Fourth-Most Populous Metro in the Nation with a Total Population of Nearly 7.5 Million Residents
- Directly Off Interstate 630/Lyndon B. Johnson Freeway with a Traffic Count of More Than 169,000 Vehicles Part of a Major Retail Corridor on West Centerville Road with More Than 40,000 Vehicles Daily
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a Stanton Optical in Garland, Texas. This Stanton Optical offers a brand new, 10-year, triple net (NNN) lease. This lease has two, five-year renewal options, bringing total potential lease term to 20 years with 10 percent rent increases every five years throughout base term and option periods. The property is newly constructed with a 20-year Firestone Red Shield roof warranty.
The subject property is part of the Dallas/Fort Worth metropolitan area, the fourth-most populous metro in the nation with a total population of nearly 7.5 million residents. Stanton Optical is located directly off Interstate 630/Lyndon B. Johnson Freeway with a traffic count of more than 169,000 vehicles, and part of a major retail corridor on West Centerville Road with more than 40,000 vehicles daily. Surrounding national retailers include Walmart Supercenter, Sam’s Club, Lowe’s, Aldi, Big Lots, CarMax, La Fitness, Ross, Dollar General, AutoZone, Bank of America, AT&T, Dallas Harley Davidson, Aaron’s, Chili’s, Dunkin Donuts, Starbucks, Wendy’s, Jack In The Box, IHOP and many more.
Stanton Optical is four miles from Dallas College Eastfield campus with a total enrollment of 10,276 students and nine miles from Baylor University’s Dallas campus, a private Christian university and a nationally ranked research institution with approx. 16,000 students.
Tim Speck
TX Broker of Record
Lic. # 9002994
(972) 755-5250
