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7700 Davis Blvd 4,470 SF Retail Building North Richland Hills, TX 76182 $1,408,000 ($314.99/SF) 6% Cap Rate
Investment Highlights
- Located In the Heart of Dallas Fort Worth MSA
- Outstanding Demographics
- Long Term NNN Lease With Annual Increases & Zero Landlord Responsibilities
- Many Options of Alternative Use – 1.40 Acres & ~4,500 SF
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Parra Car Care - Sun Auto Corporate Guaranty located at 7700 Davis Boulevard, North Richland Hills, Texas 76182. The site consists of roughly 4470 rentable square feet of building space on an estimated 1.4-acre parcel of land. This Parra Car Care - Sun Auto Corporate Guaranty is subject to a 20-year Triple Net (NNN) lease, which commenced 5/13/2022. The current annual rent is $84,480 and has scheduled increases of 1.75% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,470 SF
Year Built
1966
Price
$1,408,000
Price Per SF
$314.99
Cap Rate
6%
NOI
$84,480
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.40 AC
Property Taxes
| Parcel Number | 01892614 | Improvements Assessment | $328,032 |
| Land Assessment | $121,968 | Total Assessment | $450,000 |
Property Taxes
Parcel Number
01892614
Land Assessment
$121,968
Improvements Assessment
$328,032
Total Assessment
$450,000
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7700 Davis Blvd
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