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Auto Service - Gas-Conv

Brakes Plus

13064 N Saginaw Blvd, Fort Worth, TX 76179

Listing Price: $2,986,000

Cap Rate
4.50%
Tenant Name
Brakes Plus
Years Remaining On Lease
19.9
Gross SF
4,820
Guarantor
Corporate Guarantee
Rentable SF
4,820
Price/Gross SF
$619.50
Lease Type
Absolute Net
Rent Per Square Feet
$27.88

Investment Overview

Brakes Plus occupies the subject property on a new 20-year corporately guaranteed lease with zero landlord responsibilities. The rent commencement date was June 1st, 2022, and the lease is set to expire on May 31st, 2042.

Investment Highlights

  • Brand New 20-Year Absolute Triple Net Lease - New Construction
  • Strong Corporate Guarantee (1,200+ Units)
  • Strategically Located at Heavily Trafficked Interchange
  • Affluent Demographics - Northwestern Fort Worth

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Auto Service - Gas-Conv

Brakes Plus

Listing Price: $2,986,000

Cap Rate
4.50%
Tenant Name
Brakes Plus
Years Remaining On Lease
19.9
Gross SF
4,820
Guarantor
Corporate Guarantee
Rentable SF
4,820
Price/Gross SF
$619.50
Lease Type
Absolute Net
Rent Per Square Feet
$27.88

Investment Highlights

  • Brand New 20-Year Absolute Triple Net Lease - New Construction
  • Strong Corporate Guarantee (1,200+ Units)
  • Strategically Located at Heavily Trafficked Interchange
  • Affluent Demographics - Northwestern Fort Worth

Investment Overview

Brakes Plus occupies the subject property on a new 20-year corporately guaranteed lease with zero landlord responsibilities. The rent commencement date was June 1st, 2022, and the lease is set to expire on May 31st, 2042.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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