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Auto Service - Gas-Conv

Brakes Plus

400 N Central Expy, Richardson, TX 75080

Listing Price: $1,344,000

Cap Rate
6.25%
Tenant Name
Brakes Plus
Years Remaining On Lease
6.6
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$192.00
Lease Type
Absolute Net
Rent Per Square Feet
$12.00

Investment Overview

The subject property is a 7,000-square-foot automotive repair facility located off North
Central Expressway in Richardson, Texas. The property is leased to Brakes Plus until 2032
and is an Absolute Net Lease with no landlord responsibilities.

Investment Highlights

  • Eligible for Bonus Depreciation
  • Strong Traffic Counts of 253,180 Vehicles per Day on North Highway 75 in Richardson
  • Dense Population of 142,386 Within a Three-Mile Radius
  • Excellent Access and Visibility on Hwy 75
  • Two Five-Year Options at Fair Market Value

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Brakes Plus

Listing Price: $1,344,000

Cap Rate
6.25%
Tenant Name
Brakes Plus
Years Remaining On Lease
6.6
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$192.00
Lease Type
Absolute Net
Rent Per Square Feet
$12.00

Investment Highlights

  • Eligible for Bonus Depreciation
  • Strong Traffic Counts of 253,180 Vehicles per Day on North Highway 75 in Richardson
  • Dense Population of 142,386 Within a Three-Mile Radius
  • Excellent Access and Visibility on Hwy 75
  • Two Five-Year Options at Fair Market Value

Investment Overview

The subject property is a 7,000-square-foot automotive repair facility located off North Central Expressway in Richardson, Texas. The property is leased to Brakes Plus until 2032 and is an Absolute Net Lease with no landlord responsibilities.

Exclusively Listed By

Financing By

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