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32447252
32447251

5800 Maple Avenue, Dallas, TX 75235

JS
TX TX: 664135-B, FL SL3568387
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
Unpriced
27 days on market
Updated 27 days ago

Sixt: Rent The Car

Details
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 15,600
Net Rentable (SqFt) 15,600
NOI $390,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 7
Lease Expiration 04/30/2033
Rent Bumps Yes
Lease Options 3 Year Renewal Option
Year Built 1983
Year Renovated 2026
Buildings 1
Stories 1
Acreage 0.860
Zoning IR
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 05/01/2026
Ground Lease No
Ownership Fee Simple

Prime NNN Investment Opportunity | NOI: $390,000 | Corporate Guarantee | BBB Credit Rating

Marketing description

Marcus & Millichap is pleased to present the offering for Sixt Rent a Car, a globally recognized luxury and premium vehicle rental operator, through a newly structured triple-net investment opportunity backed by a corporate guarantee from SIXT SE, which maintains a BBB investment-grade credit rating. The property consists of a 15,600-square-foot facility situated on approximately 0.86 acres in Dallas, Texas.

The tenant recently executed a seven-year lease with an initial annual net operating income of $390,000, featuring 3% annual rent increases and one three-year renewal option at market rent. Ownership has also invested more than $300,000 into tenant improvements and buildout, further enhancing the property’s long-term functionality and value.

Ideally located less than three miles from Dallas Love Field Airport, the Dallas Medical District, Highland Park Village, and affluent neighborhoods with average household incomes exceeding $180,000, the property benefits from immediate access to major highways, the Dallas North Tollway, and nearby public transit. The site also provides convenient access to Old Parkland, a more than $1 billion office campus home to some of the nation’s most prominent financial institutions and family offices, as well as the $5 billion UT Southwestern expansion project currently underway and expected to be completed by 2029.

As the Maple Avenue corridor continues to experience significant redevelopment, infrastructure investment, and population growth, the property is well positioned to capitalize on increasing demand for centrally located commercial real estate within one of Dallas’ fastest-growing urban submarkets.

Investment highlights

  • NOI: $390,000 | 3% Annual Increases
  • New 7-Year NNN Lease with 3-Year Option
  • Corporate Guarantee | BBB Credit Rating
  • Mission Critical Location Proximate to Dallas Love Field Airport
  • Prime Urban Location in the High-Growth West Dallas Submarket
  • 15,600-SF Building | Situated on 0.86-AC | IR Zoning
  • Prime Accessibility to UT Southwestern, Uptown Dallas, Highland Park, Design District, Victory Park, and Old Parkland Campus
  • Excellent Transit Connectivity | Immediate Access to Major Highways, Tollway, Bus & Rail Lines
  • Surrounded by Expanding Residential, Medical, and Commercial Development Activity

Listing Contacts

JS
TX TX: 664135-B, FL SL3568387
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$390,000.00
$32,500.00/mo

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Additional Information

Name
Joe Santelli, CCIM
License
TX: 664135-B
Brokerage
Marcus & Millichap
Brokerage Phone
9727555282
Brokerage Address
5001 Spring Valley Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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