KWIK KAR
Retail | 6.35% CAP | 5,043 SqFt
Marketing description
Prime Net Lease is please to present an opportunity to acquire a newer-generation, absolute NNN automotive service investment leased to Kwik Kar, one of the most established quick-lube and automotive maintenance brands in Texas. The property is strategically positioned along Preston Road, one of North Dallas’ most heavily trafficked and affluent retail corridors.
The asset is secured by over 16 years of remaining initial lease term, followed by four (4) additional 5-year renewal options, providing long-term income visibility and stability. The lease is corporately guaranteed by MOP GM Holding, LLC, the parent company of FullSpeed Automotive, which oversees 900+ Grease Monkey®, SpeeDee®, and Kwik Kar® locations nationwide and is backed by MidOcean Partners, a private equity firm with approximately $7 billion in assets under management.
The lease is structured as a true Absolute NNN, with the tenant responsible for all operating expenses, maintenance, and capital items, resulting in zero landlord responsibilities and a fully passive ownership profile.
Rent increases annually at the greater of 2% or CPI (capped at 6%), providing durable income growth and meaningful inflation protection throughout the base term and option periods. Last two increases were 3% and 3.30%.
The property benefits from excellent visibility and exposure to approximately 45,463 vehicles per day along Preston Road, enhanced by monument signage and strong retail synergy. The surrounding trade area includes H-E-B Grocery, Lakeside Market, and proximity to Legacy Business Park, home to major corporate headquarters including Toyota, PepsiCo, Frito-Lay, Ericsson, and FedEx.
The site is located within an exceptionally strong North Dallas submarket, supported by average household incomes of $163,203 within a 3-mile radius and a population exceeding 340,000 residents within 5 miles, driving consistent consumer demand.
Automotive maintenance represents a recession-resistant, necessity-based use with stable performance across economic cycles. Additionally, the Texas location offers a no corporate or personal state income tax environment, enhancing after-tax yields. The property also qualifies for bonus depreciation, allowing investors to potentially accelerate depreciation benefits, subject to consultation with a CPA or tax advisor.
This offering combines long-term lease security, institutional credit backing, built-in rent growth, absolute NNN structure, recession-resistant fundamentals, affluent demographics, and favorable Texas tax advantages, making it well suited for 1031 exchange buyers, passive investors, and long-term holders seeking durable, inflation-protected income in a premier North Dallas location.
Investment highlights
- LONG TERM LEASE – There are over 16 years remaining on the initial lease term, followed by four (4) additional 5-year options, each featuring annual rental increases.
- CORPORATE GUARANTEE – The lease is guaranteed by MOP GM Holding, LLC, the parent entity of FullSpeed Automotive. FullSpeed oversees 900+ Grease Monkey®, SpeeDee®, and Kwik Kar® service centers nationwide and is backed by MidOcean Partners, a private equity firm with $7 billion in assets under management.
- NO STATE INCOME TAX – Texas imposes no corporate or personal state income tax, enhancing net yield for investors and making it one of the most favorable tax environments in the U.S.
- ANNUAL RENTAL INCREASES – Rent increases annually at the greater of 2% or CPI (capped at 6%), providing a strong hedge against inflation throughout the base term and options. Last Increase in 2026 was 3.3%
- ABSOLUTE NNN LEASE – Zero landlord responsibilities. The tenant is responsible for all operating expenses, making this a true “hands-off” investment ideal for passive, long-term ownership.
- RECESSION-RESISTANT USE – Automotive maintenance is an essential service category with consistent consumer demand regardless of market cycles.
- HIGH-TRAFFIC, PRIME LOCATION – The property benefits from excellent visibility on Preston Road (±45,463 VPD) with monument signage, and is positioned near H-E-B Grocery, Lakeside Market, and the Legacy Business Park — home to major corporate headquarters including Toyota, PepsiCo, Frito-Lay, Ericsson, and FedEx.
- AFFLUENT DEMOGRAPHICS – Located in an extremely strong North Dallas submarket with $163,203 average household income within 3miles and more than 340,000 residents within 5 miles.
- BONUS DEPRECIATION – This asset may qualify for Bonus Depreciation, offering investors the ability to utilize accelerated depreciation benefits. Consultation with your CPA or tax attorney is recommended
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