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Meineke | DFW Location | New 20-Year Lease

5161 Broadway Ave, Haltom City, TX 76117

Listing Price: $1,739,130

Cap Rate
5.75%
Tenant Name
Meineke
Years Remaining On Lease
20.0
Guarantor
Franchisee Guarantee
Rentable SF
4,800
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.83

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Meineke Car Care Center located at 5161 Broadway Ave in Haltom City, TX. The site consists of roughly 4,800 rentable square feet of building space on estimated 1.40-acre parcel of land. This Meineke Car Care Center is subject to a 20-year absolute triple-net (NNN) Sale-lease back. The current annual rent is $100,000 and is scheduled to increase by 1.5%annually throughout the base term and in each of the four (4), Five (5)-year renewal options.

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
  • Extremely Dense Residential and Commercial Area Immediately Outside of Dallas

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Auto Parts

Meineke | DFW Location | New 20-Year Lease

Listing Price: $1,739,130

Cap Rate
5.75%
Tenant Name
Meineke
Years Remaining On Lease
20.0
Guarantor
Franchisee Guarantee
Rentable SF
4,800
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.83

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
  • Extremely Dense Residential and Commercial Area Immediately Outside of Dallas

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Meineke Car Care Center located at 5161 Broadway Ave in Haltom City, TX. The site consists of roughly 4,800 rentable square feet of building space on estimated 1.40-acre parcel of land. This Meineke Car Care Center is subject to a 20-year absolute triple-net (NNN) Sale-lease back. The current annual rent is $100,000 and is scheduled to increase by 1.5%annually throughout the base term and in each of the four (4), Five (5)-year renewal options.

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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