Skip to main content

Auto Service - Gas-Conv

Brakes Plus | Dallas, TX | 15 Year NNN Ground Lease | Brand New 2022 High Quality Construction

17194 Preston Rd, Dallas, TX 75248

Listing Price: $3,000,000

Cap Rate
5.00%
Tenant Name
Brakes Plus
Years Remaining On Lease
15.4
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$600.00
Lease Type
NNN Ground Lease
Rent Per Square Feet
$30.00

Investment Overview

Dallas is a major city in the state of Texas and is part of the Dallas-Fort Worth-Arlington Metropolitan Statistical Area, which is considered to be the fourth most populous Metropolitan area in the US. Dallas is the commercial and cultural hub becoming the center of numerous corporate headquarters and large regional offices. Dallas continues to expand exponentially, being named the 10th largest growing area in the U.S. The city features numerous national sporting teams including NFL Cowboys, MLB Rangers, NBA Mavericks, and NHL Stars. Dallas reputedly has more retail stores and restaurants per capita than any other place in the country. The Dallas–Fort Worth metroplex, officially designated Dallas–Fort Worth–Arlington by the U.S. Office of Management and Budget, is a conurbated metropolitan statistical area in the U.S. state of Texas encompassing 11 counties. It is the economic and cultural hub of North Texas. Residents of the area also refer to it as DFW or the Metroplex. The Dallas–Fort Worth–Arlington metropolitan statistical area’s population was 7,573,136 according to the U.S. Census Bureau’s 2019 population estimates, making it the most populous metropolitan area in both Texas and the Southern United States, the fourth-largest in the U.S., and the tenth-largest in the Americas. In 2016, the Dallas–Fort Worth metroplex ascended to the number one spot in the U.S. in year-over-year population growth.

Investment Highlights

  • 15 Year NNN Ground Lease with Potential Depreciation Benefits Featuring 5% Rental Increase in Year 6 and 10% at Year 11 and at Each Option. Brand New 2022 High Quality Construction.
  • Mavis Tire Express Service Corp. (Brakes Plus's Parent Company) Currently Operates 900+ Retail Automotive Repair Centers in 26 States. In 2018, it became a Portfolio Company of Golden Gate Capital.
  • Golden Gate Capital is a San Francisco-Based Private Equity Firm with Approximately $15 Billion of Capital Under Management.
  • Densely Populated Affluent Area: Features an Average Household Income of $136k+ within a 1-Mile Radius and over 443k People Residing within a 5-Mile Radius.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility w/ Daily Traffic Counts Exceeding 52k+ Vehicles.
  • In Close Proximity to Addison Airport - A Public General Aviation Airport for Private and Corporate Aircrafts due to the Close Proximity from Dallas (96k+ Annual Aircraft Operations).
  • Pad to a Kroger Anchored Power Center and Surrounded by Numerous other National Retailers including Tom Thumb, Walgreens, Target, The Home Depot, Albertson's, CVS and many more.
  • Near The University of Texas at Dallas - The Largest Public University in the Dallas Urban Area Consisting of a 455-Acre Campus and more than 23,000 Students Enrolled.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s) TX: 0606255

    Texas

Auto Service - Gas-Conv

Brakes Plus | Dallas, TX | 15 Year NNN Ground Lease | Brand New 2022 High Quality Construction

Listing Price: $3,000,000

Cap Rate
5.00%
Tenant Name
Brakes Plus
Years Remaining On Lease
15.4
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$600.00
Lease Type
NNN Ground Lease
Rent Per Square Feet
$30.00

Investment Highlights

  • 15 Year NNN Ground Lease with Potential Depreciation Benefits Featuring 5% Rental Increase in Year 6 and 10% at Year 11 and at Each Option. Brand New 2022 High Quality Construction.
  • Mavis Tire Express Service Corp. (Brakes Plus's Parent Company) Currently Operates 900+ Retail Automotive Repair Centers in 26 States. In 2018, it became a Portfolio Company of Golden Gate Capital.
  • Golden Gate Capital is a San Francisco-Based Private Equity Firm with Approximately $15 Billion of Capital Under Management.
  • Densely Populated Affluent Area: Features an Average Household Income of $136k+ within a 1-Mile Radius and over 443k People Residing within a 5-Mile Radius.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility w/ Daily Traffic Counts Exceeding 52k+ Vehicles.
  • In Close Proximity to Addison Airport - A Public General Aviation Airport for Private and Corporate Aircrafts due to the Close Proximity from Dallas (96k+ Annual Aircraft Operations).
  • Pad to a Kroger Anchored Power Center and Surrounded by Numerous other National Retailers including Tom Thumb, Walgreens, Target, The Home Depot, Albertson's, CVS and many more.
  • Near The University of Texas at Dallas - The Largest Public University in the Dallas Urban Area Consisting of a 455-Acre Campus and more than 23,000 Students Enrolled.

Investment Overview

Dallas is a major city in the state of Texas and is part of the Dallas-Fort Worth-Arlington Metropolitan Statistical Area, which is considered to be the fourth most populous Metropolitan area in the US. Dallas is the commercial and cultural hub becoming the center of numerous corporate headquarters and large regional offices. Dallas continues to expand exponentially, being named the 10th largest growing area in the U.S. The city features numerous national sporting teams including NFL Cowboys, MLB Rangers, NBA Mavericks, and NHL Stars. Dallas reputedly has more retail stores and restaurants per capita than any other place in the country. The Dallas–Fort Worth metroplex, officially designated Dallas–Fort Worth–Arlington by the U.S. Office of Management and Budget, is a conurbated metropolitan statistical area in the U.S. state of Texas encompassing 11 counties. It is the economic and cultural hub of North Texas. Residents of the area also refer to it as DFW or the Metroplex. The Dallas–Fort Worth–Arlington metropolitan statistical area’s population was 7,573,136 according to the U.S. Census Bureau’s 2019 population estimates, making it the most populous metropolitan area in both Texas and the Southern United States, the fourth-largest in the U.S., and the tenth-largest in the Americas. In 2016, the Dallas–Fort Worth metroplex ascended to the number one spot in the U.S. in year-over-year population growth.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s): TX: 0606255

    Texas

MM Texture Background
MM Textured Background Lower