Brakes Plus
18 Year Abs NNN | 5.73% CAP | Corporate Guarantee
Marketing description
NX3 Commercial Group is pleased to present the opportunity to acquire a single-tenant retail investment located at 240 West Harwood Road in Euless, Texas. Situated on an approximately ±2.30-acre parcel, the freestanding asset is secured by a 20-year absolute NNN lease with built-in 8% rent escalations every five years, providing long-term income growth and complete pass-through of operating expenses.
The lease commenced on June 27, 2024 and runs through June 30, 2044, followed by six (6), five-year renewal options extending potential lease term through 2074. Over the full lease cycle, annual rental income grows from $120,435 to $151,713 during the initial term, with option rents escalating to $240,750 annually in the final option period—demonstrating strong hedge against inflation and long-term value preservation.
Offered at a 5.73% cap rate and $2,100,000 purchase price, this investment delivers stable, passive income backed by a long-term lease structure in the heart of the Dallas–Fort Worth Metroplex, one of the fastest-growing and most resilient markets in the country. Combined with zero landlord responsibilities, predictable rental increases, and location in a business-friendly, no-state-income-tax market, this offering represents a secure, hands-off retail investment ideal for both private and 1031 exchange buyers.
Investment highlights
LONG-TERM ABSOLUTE NNN LEASE WITH BUILT-IN RENT GROWTH
- The property is secured by a 20-year absolute NNN lease commencing June 27, 2024, delivering completely passive income with 8% rent increases every five years throughout the initial term and options.
STRONG INFLATION HEDGE WITH EXTENDED LEASE OPTIONS
- Six (6) five-year renewal options extend the lease term through 2074, with annual rents increasing from $120,435 to $240,750, providing durable long-term income growth and value preservation.
ATTRACTIVE ENTRY POINT AT 5.73% CAP RATE
- Offered at a 5.73% cap rate and $2,100,000 purchase price, the investment presents a compelling opportunity to acquire stable cash flow at an attractive basis in a core DFW submarket.
STRATEGIC DALLAS–FORT WORTH METROPLEX LOCATION
- Situated in Euless, Texas, the property benefits from proximity to major transportation corridors and dense residential neighborhoods within one of the fastest-growing and most economically resilient metros in the U.S.
ZERO LANDLORD RESPONSIBILITIES
- The absolute NNN lease structure provides full pass-through of taxes, insurance, and maintenance, eliminating management burden and ensuring predictable net operating income.
BUSINESS-FRIENDLY, NO STATE INCOME TAX MARKET
- Texas' no state income tax environment enhances after-tax returns for investors and supports continued business expansion, population growth, and long-term retail demand.
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