NOAH’S RICHARDSON, TX

2251 N. Greenville Ave Richardson, TX 75082

PURCHASE PRICE $3,965,500

BUILDING/LOT SIZE 9,256 sq. ft.

  • PROPERTY TYPE: Single-tenant, freestanding
  • TENANT Noah Corporation
  • Initial lease term: 20 years
  • Lease guarantor: Noah Corporation
  • INITIAL TERM 8.80%

Noah Corporation develops and operates innovative event and conference center space for business, corporate and community events as well as weddings, anniversaries, birthday parties and social gatherings.

2251 N. Greenville Ave Richardson, TX 75082

Noah’s provides their customers with high tech, upscale, impeccably clean, well-managed, flexible, four-star space that is the very best in their class.

PROPERTY INFORMATION

Noah Corporation develops and operates innovative event and conference center space for business, corporate and community events as well as weddings, anniversaries, birthday parties and social gatherings. Noah’s provides their customers with high tech, upscale, impeccably clean, well-managed, flexible, four-star space that is the very best in their class. You can learn more about Noah’s by visiting www.mynoahs.com.

  • TENANT Noah Corporation
  • LOCATION 2251 N. Greenville Ave Richardson, TX 75082
  • PROPERT Y T YPE Single-tenant, freestand
  • BUILDING/LOT SIZE 9,256 sq. ft. / 1.87 Acres
  • PURCHASE PRICE $3,965,500

LEASE INFORMATION

  • LEASE GUARANTOR Noah Corporation
  • INITIAL LEASE TERM 20 years
  • RENT INCREASES 2% annual escalations
  • RENEWAL OPTIONS Two ten-year options
  • LEASE T YPE Absolute Triple Net (NNN)
  • INITIAL TERM 8.80%

ABOUT TENANTS - IN - COMMON

Tenants-in-Common or TIC ownership allows multiple buyers to purchase an undivided percentage of a single piece of property. Each buyer receives his own deed to the property and benefits from all of the income, tax shelters and appreciation it provides. All Rockwell TIC properties have the following characteristics:

  • $150,000 minimum investment amount
  • Property is offered debt-free
  • Long-term, corporate-guaranteed lease
  • No closing costs
  • Satisfies IRS requirements for 1031 exchanges

RICHARDSON , TX

Richardson is located in Dallas County and is part of the Dallas-Fort Worth-Arlington metropolitan area. With a population of nearly 2.4 million, Dallas County is among the top ten most populous regions in the United States. Over the last decade Richardson has received many prestigious awards for being among the top places to live, raise children and commute to work by both Money Magazine and Business Weekly. During the widespread economic recession that has swept the nation in recent years, Richardson has enjoyed steady growth and boasts a strong and vibrant economy.

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