Brakes Plus

Duncanville, Texas

NNN Pro Group is pleased to present the exclusive listing for an Brakes Plus located at 1002 S Cedar Ridge Drive in Duncanville, Texas. The site consists of roughly 4,600 rentable square feet of building space on estimated 0.53-acre parcel of land. This Brakes Plus is subject to a 20-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $140,870 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 6, 5-year renewal options.

✓ Long Term 20-Year Sale-Leaseback
✓ Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
✓ Six (6) Tenant Renewal Periods of Five (5) Years Each

Key Details

Price:: $2,253,913
Cap Rate:: 6.25%
Annual Rent:: $140,870
Address:: 1002 S Cedar Ridge Dr, Duncanville, Texas 75137
Property Type:: Net-Leased Automotive Service
Lease Type:: Triple Net (NNN)

Original Lease Term:: 20 Years
Lease Commencement:: Close of Escrow
Lease Expiration:: 20 Years from Close of Escrow
Lease Term Remaining:: 20 Years
Rental Increases:: 5% Every 5 Years
Lot Size:: 0.53 Acres
Building Size:: 4,600 SF
Year Built:: 1994
Tenant:: Brakes Plus

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Matthew Anuszkiewicz

manuszkiewicz@nnnpro.com

License: 10401294046

Robert Stein

rstein@nnnpro.com

License: 10401341647

Andrew Darby

adarby@nnnpro.com

Broker of record

Brian Brockman

Bang Realty-Texas, Inc

License: 701472

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