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Contact Agent
Jonathan Tobolowsky
(469) 578-1280
Property Details
Space Available
Total Building SqFt
Land Size
Property Type
~4,972 sf
~4,972 sf
~1.45 AC (62,993 sf)
Freestanding
*no representations nor warranties are made to the accuracy of the above numbers.
Property Description
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Prime Investment Opportunity: Triple Net Commercial Property in Highland Village, TX
Property Overview: Discover an unbelievable investment opportunity with this single-tenant triple net (NNN) commercial property strategically located at the well-established intersection of Justin Rd. and Long Prairie Rd., and more specifically...directly in front of Walmart fronting Justin Rd. This 4,972-square-foot building is situated on just under 1.5 acres with great visibility and signage, and is surrounded by national retailers.
Current Tenant Lease Details: The property is currently leased to Honeyberry Pancakes and Cafe, a well-known breakfast restaurant with 13 other locations spanning 3 different states. The current lease has 6 years remaining with built-in annual rent increases, ensuring a steady and predictable income stream. The tenant is responsible for all maintenance, taxes, and insurance, providing a hassle-free investment experience with zero responsibility for the landlord.
Investment Highlights:
- Location: High-traffic intersection in front of Walmart, attracting significant vehicle traffic.
- Lease Structure: 6 years remaining on a triple net lease with annual rent escalations, enhancing long-term cash flow.
- Tenant: Established restaurant with a loyal customer base, contributing to a strong credit profile.
- Low Maintenance: Fully maintained by the tenant, eliminating landlord obligations and management headaches.
- Land Area: Expansive lot size of just under 1.5 acres, offering potential for future expansion or redevelopment.
Highland Village is an area characterized by strong economic fundamentals, including high household incomes and a growing population. The strategic positioning of this property ensures long-term value appreciation and resilience against market fluctuations. It presents a rare opportunity for experienced real estate investors to acquire a fully leased, low-maintenance asset in a prime location. With a strong tenant and favorable lease terms, this investment is poised for stability and growth. Don’t miss your chance to add this exceptional property to your portfolio.
For further information or to schedule a viewing, please contact us today!
Property Location
3020 Justin Rd, Highland Village, TX