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Meineke | Dallas Location | New 20-Year Lease
507 W Mockingbird Ln, Dallas, TX 75247
Listing Price: $1,565,217
Cap Rate
5.75%
Tenant Name
Meineke
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
2,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.91
Investment Overview
Marcus and Millichap is pleased to present the exclusive listing for the Meineke located at 507 West Mockingbird Lane in Dallas, Texas.
Listing Price: $1,565,217
Cap Rate
5.75%
Tenant Name
Meineke
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
2,200
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.91
Investment Highlights
- Brand New 20-Year Absolute Triple Net Lease Upon Close of Escrow
- Lease is True Triple Net with 1.5% Annual Rental Increases
- Traffic Counts of Over 55K Cars Per Day in Front of Location
Investment Overview
Marcus and Millichap is pleased to present the exclusive listing for the Meineke located at 507 West Mockingbird Lane in Dallas, Texas.
