Overseas Service Haus (GB Auto Service, Inc)
SMU Adjacent | Corporate Guarantee | 346k VPD | $152k HHI
Marketing description
Corporate Guaranteed Lease | Options To Extend | Scheduled Rental Increases
• GB Auto Service, Inc. Corporate guaranteed lease
• 2 years remaining with 4 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years and at the beginning of each option period
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive
Southern Methodist University (SMU) | Northpark Mall | Dense Retail Corridor
• The subject property is located less than half a mile from Southern Methodist University, which has a student population of over 10,400
• Less than 1.5 miles from Northpark Mall, which features national/credit tenants such as Neiman Marcus, Nike, Nordstrom, lululemon, Dillard’s, Apple, Macy’s, Louis Vuitton, and many others
• The asset is located in the center of a primary retail corridor that includes national/credit tenants such as Whole Foods, REI, Academy Sports + Outdoors, Dick’s, Chick-fil-A, CAVA, Best Buy, In-N-Out, and others
• Strong tenant synergy promotes crossover shopping to the subject property
Strong Demographics In 5-Mile Trade Area
• More than 430,400 residents and 377,000 employees support the trade area
• $151,562 average household income
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