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    902 Kilgore Drive Henderson, TX 75652

    For Sale
    $1,780,646

    Corporate-backed, long-term lease, high ROI.

    Property size:
    19,800 SF

    Description

    Added:
    Jan 9, 2025
    Days on Market:
    336
    This ±19,800 square foot collision repair center in Henderson, TX, presents a compelling investment opportunity. Located at 902 Kilgore Drive, 75652, on a ±2.24-acre lot, the property boasts a nearly 10-year remaining lease with Classic Collision, a TPG Capital-owned company managing $239 billion in assets and operating over 300 locations nationwide. The lease includes built-in 7.50% rent escalations every five years, providing a strong hedge against inflation. The property generates a net operating income of $138,000, resulting in a 7.75% cap rate. This acquisition is part of Classic Collision's strategic expansion in East Texas, including six additional locations. The property also includes a secondary revenue stream from a co-tenant, Enterprise Rental Cars, further solidifying its long-term stability and strong partnership. This state-of-the-art facility offers minimal landlord responsibilities and significant potential for future appreciation. The asking price is $1,780,646.

    Property Features for 902 Kilgore Drive

    General Information

    Property type
    Other retail properties
    Square Feet
    19,800 SF
    Price / Square Foot
    $89
    Class
    C
    Elevators
    N/A
    Lot Size
    97,574 SF
    Net Operating Income
    $138,000

    Building Details

    Year Built
    1972
    Stories
    1

    HighLights

    • High‑yield investment with a 7.75% cap rate and a nearly 10‑year lease.
    • Backed by Classic Collision, a TPG capital‑owned company with $239B in assets.
    • 19,800 sq ft facility on ~2.24 acres, including an Enterprise Rental Cars lease.
    Insight Report Location Intelligence

    Current Use by Public Records

    Henderson Collision Center Auto Body Shop Burl's Hypnotic Customs Auto Body Shop Enterprise Rent-A-Car Car Rental Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Auto Parts Store Gym & Fitness Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    State
    Texas
    Longitude
    -94.79478
    Latitude
    32.182455

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    FAQs

    What type of property is this?
    Other retail property - Corporate-backed, long-term lease, high ROI.
    Where is this other retail property located?
    The property is located at 902 Kilgore Drive Henderson, TX.
    What is the asking price?
    The asking price for this property is $1,780,646.
    What are key features of this property?
    This property features: High-yield investment with a 7.75% cap rate and a nearly 10-year lease.; Backed by Classic Collision, a TPG capital-owned company with $239B in assets.; 19,800 sq ft facility on ~2.24 acres, including an Enterprise Rental Cars lease.
    (770) 891-0154
    Request Owner's contact information
    902 Kilgore Drive Henderson, TX 75652
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    Henderson, TX 75652
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    902 Kilgore Drive Henderson, TX 75652
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