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401 N Garland Ave
Garland, TX 75040
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ABSOLUTE NNN LEASE – ZERO LANDLORD RESPONSIBILITIES- The property is subject to an absolute triple-net lease
- DENSE RETAIL CORRIDOR WITH EXCELLENT VISIBILITY- Located on N Garland Ave, a well-trafficked arterial road with ±23,700 vehicles per day
- LOCATED IN GROWING SUBMARKET OF DALLAS-FORT WORTH MSA- Situated in Garland, part of the expansive Dallas-Fort Worth MSA
- STRONG CORPORATE TENANT WITH NATIONAL PRESENCE- The asset is leased to Take 5 Oil Change, operated by Driven Brands
- RECENT RENOVATIONS IN 2017- Renovated in 2017, the property offers newer upgrades with minimal near-term capital expenditure requirements
EXECUTIVE SUMMARY
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,832 SF
Building Class
C
Year Built/Renovated
1992/2017
Price
$1,200,000
Price Per SF
$423.73
Cap Rate
5.70%
NOI
$68,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.47 AC
Zoning
Z239
Frontage
56’ on North Garland Avenue
PROPERTY TAXES
| Parcel Number | 26282800010010000 | Improvements Assessment | $487,510 |
| Land Assessment | $100,240 | Total Assessment | $587,750 |
PROPERTY TAXES
Parcel Number
26282800010010000
Land Assessment
$100,240
Improvements Assessment
$487,510
Total Assessment
$587,750
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