2245 S Loop 288Denton, TX 76205
Take 5 Corp Ground Lease | Denton, TX (Dallas)
Asset ClassRetail, Mixed Use
15 Year Take 5 Ground Lease | Denton, TX (Dallas)
Overview
- New 15 Year Absolute NNN Ground Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities
- 10% Rental Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
- Corporately Guaranteed Lease from a Best-in-Class Tenant – Take 5 is the 3rd Largest Lube Center Chain in the U.S. with 1,545 Locations
- New Construction, Pride of Ownership Asset Featuring Take 5’s Modern Prototype Design – an Aesthetically Pleasing Property That Can Efficiently Handle High Customer Volume
- Ultra Low Rent & Price-Point Corporate Asset Situated on a Prominent Hard-Corner, Signalized Intersection with Excellent Interstate Visibility
- High Traffic Location – More Than 123,000 Vehicles Per Day on Interstate-35 & Over 27,000 Vehicles Per Day on S. Loop 288
- Densely Populated, Infill Location with Strong Demographics – Over 172,000 People within a 5-Mile Radius with Average Household Income Exceeding $112,000 Annually
- High Daytime Population of More Than 6,400 Businesses & 52,500 Employees within a 5-Mile Radius
- Major College Town – Home to The University of North Texas with Over 46,000 Students and 3,400 Faculty, and Texas Woman's University with More Than 15,400 Students and 1,200 Faculty Members
- Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset
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2245 S Loop 288Denton, TX 76205
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