Listed by Hunington Properties
$2,080,000
North Texas Net Lease Tire & Brakes
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 10,500
Cap Rate 7.5%
NOI $156,000
Tenancy Single
Brand/Tenant Tire
Lease Type NNN
Lease Term 10.1
Lease Expiration 12/31/2035
Remaining Term 9.4
Rent Bumps Yes
Lease Options Five (5), 5-Year Renewal Options
Broker Co-Op Yes
Buildings 1
Acreage 0.920
Investment Type Net Lease
Lease Commencement 11/10/2025
Ground Lease No
Ownership Fee Simple
80+ Unit Operator | 7.50% CAP | 10 Year Primary Term
Marketing description
Investment highlights
Established 80+ Unit Operator Across 15 States
Approximately 750 Feet From Interstate 35
Less Than 32 Miles Away From University of North Texas (Over 45,000 Students)
Situated on US-82, The Primary East/West Bound Thoroughfare Connecting Gainesville, Sherman, Bonham, and Paris, TX
Nearby Retailers, QuikTrip, Chick-fil-A, Whataburger, Panda Express, AT&T, Sherwin Williams, The Home Depot, Walmart, Tractor Supply, and O’Reilly Auto Parts.
Listing Contacts
Listed by Hunington Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$156,000.00
$13,000.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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