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1226 W MCDERMOTT DR
ALLEN, TX 75013
Asking Price
$3.63M
Cap Rate
7%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
1st Option Exercised with No Rental Concessions | Below Market Rent <ul><li>Hard Corner Location with Visibility to 54,000+ VPD<ul><li>Less than a half mile to US-75 – 175,000 VPD</li></ul></li><li>Absolute NNN Lease | Below-Market Rent – $18 PSF<ul><li>First option period exercised with no rental concessions </li></ul></li><li>Proximity to Major Area Hospital<ul><li>$25M+ in annual prescription-drug spending within 3 miles</li></ul></li><li>Situated Amongst Rooftops in the Immediate area<ul><li>16,000 residents with $174,000 average household incomes</l
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NOI
$80,000
Cap Rate
2.20%
DSCR
0.37
Underwater
Cash-on-Cash
-12.45%
Monthly Payment
$17,969.718
Annual Cash Flow
$-135,636.62
