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    12111 Garland Rd Dallas, TX 75218

    For Sale
    $3,721,125

    16,486 SF automotive collision repair shop with NNN lease.

    Property size:
    16,486 SF
    Lot size:
    2.92 Acres

    Property Features for 12111 Garland Rd

    General Information

    Size
    16,486 SF
    Lot size
    2.92 Acres

    Source: CBRE - Corporate Agent Addison Williams

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Automotive Collision Repair Shop For Sale

    This is a 16,486 square foot standalone automotive collision repair shop with an absolute NNN lease. The property has been occupied by Service King for 17 years. Service King will exercise an approximately 16-year lease extension upon sale, resulting in a total of 20 years of lease term. The parent companies of Service King are The Blackstone Group (majority) and The Carlyle Group (minority). As of 2020, Service King has 345 locations spread throughout 24 states in the U.S., and is one of the four largest providers of collision repair services in the United States. There are four rental increases throughout the new 20-year term. The rent is an attractive below market rate of $12.41 per square foot, while the NNN market rent is $13.92 per square foot. The absolute net lease means zero landlord responsibilities.
    Insight Report Location Intelligence

    Current Use by Public Records

    Crash Champions Collision ... Auto Body Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    DFW Metro Towing, Platinum Appeal, New Vision Customz, Engine Masters & Supply, IN AND OUT AUTOMOTIVE LLC

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.672823
    Latitude
    32.862307

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    FAQs

    What type of property is this?
    Auto shop - 16,486 SF automotive collision repair shop with NNN lease.
    Where is this auto shop located?
    The property is located at 12111 Garland Rd Dallas, TX.
    What is the asking price?
    The asking price for this property is $3,721,125.
    What are key features of this property?
    This property features: - Long-term absolute NNN lease with Service King, secured by a ~16-year extension for a total 20-year lease term.; - Below market rent of $12.41 PSF, compared to the NNN market rent of $13.92 PSF, offering potential value.; - Service King is a major national collision repair provider, backed by The Blackstone Group and The Carlyle Group.
    (248) 227-3611
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    12111 Garland Rd Dallas, TX 75218
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    Dallas, TX 75218
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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.

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    Cap approach

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    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
    12111 Garland Rd Dallas, TX 75218
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