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Meineke Car Care Center

Haltom City, Texas

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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.

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
Over 14,000 Residents Living in a 1-Mile Radius
Ideal Consumer Base for Vehicle Repair Services that Meineke Offers
Average Household Income of over $74,000
Over 256,000 Residents Within 5 Miles

Key Details

Price:
$1,739,130
Cap Rate:
5.75%
Annual Rent:
$100,000
Address:
5161 Broadway Avenue, Haltom City, Texas 76117
Property Type:
Automotive -Parts/Services
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:
1.5% Annually
Lot Size:
1.40 Acres
Building Size:
4,800 SF
Year Built:
2022
Tenant:
Meineke Car Care Center

Broker of record

Tim Speck

License: 9002994


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