Texas Car Title and Payday Loan Services

729 W Airport Fwy (Highway 183) - Irving TX 75062

LTV (Loan to Value)	65.00%	Current NOI	$75,240.00
Interest Rate	4.250%	Capital Rate	8.500%
Fixed Term	10 Years	Land Area	+/- 30,536 SF
Amortization	25 Years	Lease Type	NNN
Loan Amount	$575,364.40	Property Type	Retail
Payment	$3,116.97	Property Lease	Payday Loan
Bulding Size	0 SF	Remaining Terms	+/- 4.7 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a free-standing building leased to Texas Car Title and Payday Loans Services, Inc located at 729 W Airport Fwy (Highway 183), Irving, Texas. Texas Car Title and Payday Loan Services, Inc. commenced their first renewal option term March 2014 and has approximately 4.7 years remaining with one (1), five (5) year option. The subject property was recently renovated in 2009. Texas Car Title is located right on Airport Freeway/Highway 183 between N. MacArthur Blvd. and N. O'Connor Rd, with access to over 210,000 vehicles per day in the immediate vicinity. Airport Freeway passes through Irving into DFW Airport.

Highlights

NNN LeasePassive investment opportunity with no landlord responsibilities.Corporate GuaranteeThe lease is guaranteed by Texas Car Title & Payday Loan which…

Property Description

Irving, TX is a city located within Dallas County. According to a 2012 estimate from the U.S. Census Bureau, the city population was 225,427 making it the thirteenth most populous city in Texas. Irving is part of the Dallas–Plano–Irving metropolitan division of the Dallas–Fort Worth–Arlington metropolitan area, designated by the U.S. Census Bureau and colloquially referred to as the Dallas/Fort Worth Metroplex. Irving is traversed by numerous highways. The Airport Freeway, SH 183, runs east-west in the center of the city, while LBJ Freeway or I-635 crosses the northern edge of the city in the same direction. John Carpenter Freeway, SH 114, and the President George Bush Turnpike create an X running northwest-to-southeast and southwest-to-northeast respectively. The Las Colinas area is centered near the intersection of 114 and the Bush turnpike.