Brakes Plus

Euless, Texas

NNN Pro Group is pleased to present the exclusive listing for a Brakes Plus located at 240 West Harwood Road, Euless, Texas. The site consists of roughly 4,006 rentable square feet of building space on estimated 0.68-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 $130,435 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 6, 5-year renewal options.

About the Investment:

– 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:: $2,086,957
Cap Rate:: 6.25%
Annual Rent:: $130,435
Address:: 240 W. Harwood Rd, Euless, Texas 76039
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:: +/- 0.68 Acres
Building Size:: 4,006 SF
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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