Listed by Sands Investment Group, Sands Investment Group Austin
$2,650,000
Frank's Collision Repair (OpenRoad) - Texas City, TX
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 18,388
Cap Rate 7.25%
NOI $192,000
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 5
Lease Expiration 11/30/2030
Remaining Term 4.4
Rent Bumps Yes
Lease Options 2 x 5 Year Options
Price per SqFt $144
Year Built 1975
Acreage 2.250
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/14/2025
Ground Lease No
Collision Repair Asset in Texas | Growing Operator (40-Units) | 7.25% Cap
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 18,388 SF Frank's Collision Repair property located at 2627 Palmer Highway in Texas City, TX. The asset features 4+ years remaining on the initial lease term, 2% annual rent increases, and a corporate guarantee from OpenRoad Collision. This offering presents investors with stable cash flow and the opportunity to invest alongside a growing operator with an expanding credit profile.
Investment highlights
- Growing Operator: Since its founding in 2022, OpenRoad Collision has grown its location count to 40 repair shops across 4 states. Since 2024, OpenRoad's location count has grown by an average rate of 36% YOY (40% in 2024 & 32% in 2025), making it one of the fastest-growing MSOs in the industry.
- Regional Market Presence: Since its founding in 2003, Frank's Collision Repair has grown to 9 locations, making it a familiar local brand with a strong presence in the region. After acquiring Frank's Collision in November 2025, OpenRoad now operates 18 collision repair facilities in Texas.
- Lease Structure & Corporate Guarantee: With 4+ years remaining on the initial lease term and 2% annual rent increases, this lease is corporately guaranteed by OpenRoad Collision, an attractive opportunity for any investor looking for a tenant with an expanding credit profile.
- Location: This property sits directly on Texas City's main east-west thoroughfare, Palmer Highway, which sees traffic counts of 27,653 VPD.
- Limited Competition: None of the Big 4 consolidators (Caliber, Gerber, Crash Champs, Classic) have locations within a 13+ mile radius, making Frank's the only MSO in the market.
Listing Contacts
Listed by Sands Investment Group, Sands Investment Group Austin
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$192,000.00
$16,000.00/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
Map
Zoning
E CommercialGeneral CommercialGeneral Business
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