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Frank's Collision Repair (OpenRoad) 2627 Palmer Hwy 18,388 SF Retail Building Texas City, TX 77590 $2,650,000 ($144.12/SF) 7.25% Cap Rate
Investment Highlights
- Since its founding in 2022, OpenRoad Collision has grown its location count to 40 repair shops across 4 states.
- With 4+ years remaining on the initial lease term and 2% annual rent increases, this lease is corporately guaranteed by OpenRoad Collision.
- None of the Big 4 consolidators (Caliber, Gerber, Crash Champs, Classic) have locations within a 13+ mile radius, making Frank's the only MSO.
- Since its founding in 2003, Frank's Collision Repair has grown to 9 locations, making it a familiar local brand with a strong presence in the region.
- This property sits directly on Texas City's main east-west thoroughfare, Palmer Highway, which sees traffic counts of 27,653 VPD.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 18,388 SF Frank's Collision Repair property located at 2627 Palmer Highway in Texas City, TX. The asset features 4+ years remaining on the initial lease term, 2% annual rent increases, and a corporate guarantee from OpenRoad Collision. This offering presents investors with stable cash flow and the opportunity to invest alongside a growing operator with an expanding credit profile.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
18,388 SF
Building Class
B
Year Built
1975
Price
$2,650,000
Price Per SF
$144.12
Cap Rate
7.25%
NOI
$192,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
2.25 AC
Zoning
E - General Business
Frontage
500’ on Palmer Hwy
Amenities
- Fenced Lot
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Frank's Collision Repair
- Services
- 18,388 SF
- $10.44
- Double Net
- Nov 2030
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Frank's Collision Repair | Services | 18,388 SF | $10.44 | Double Net | Nov 2030 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7042-0000-0046-005 | Improvements Assessment | $1,488,690 |
| Land Assessment | $250,130 | Total Assessment | $1,738,820 |
Property Taxes
Parcel Number
7042-0000-0046-005
Land Assessment
$250,130
Improvements Assessment
$1,488,690
Total Assessment
$1,738,820
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Frank's Collision Repair (OpenRoad) | 2627 Palmer Hwy
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