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Brakes Plus 4212 N Central Expy 4,050 SF Retail Building Dallas, TX 75206 $2,614,196 ($645.48/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term NNN Lease
- Strong In-Place Income With Accelerated Rental Increase Structure
- High Performing Location With Strong Store Sales
- Dense Urban Trade Area
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Brakes Plus located at 4212 North Central Expressway, Dallas, TX 75206. The site consists of roughly 4,050 rentable square feet of building space on an estimated .3-acre parcel of land. Brakes Plus is subject to a 20.04-year Triple Net (NNN) lease, which commenced 4.20.2023. The current annual rent is $143,781 and has scheduled increases of Variable.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,050 SF
Building Class
B
Year Built
1973
Price
$2,614,196
Price Per SF
$645.48
Cap Rate
5.50%
NOI
$143,781
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.30 AC
Zoning
CR
Frontage
92’ on Central Expy
AMENITIES
- Freeway Visibility
- Pylon Sign
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00000193453000000 | Improvements Assessment | $311,580 |
| Land Assessment | $662,100 | Total Assessment | $973,680 |
PROPERTY TAXES
Parcel Number
00000193453000000
Land Assessment
$662,100
Improvements Assessment
$311,580
Total Assessment
$973,680
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