Auto Parts
Meineke | DFW Location | New 20-Year Lease
5161 Broadway Ave, Haltom City, TX 76117
Listing Price: $1,739,130
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.
Listing Price: $1,739,130
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.
