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    Fort Worth Automotive Repair Shop Title is generated by Realmo AI

    7320 Kingswood Dr, Fort Worth, TX

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    Freestanding automotive collision repair shop in Fort Worth, Texas.

    Type:RETAIL
    Property size:
    16,866 SF
    Lot size:
    1.75 Acres
    Price / SF:
    $200/SF
    Added:
    Dec 6, 2023
    Days on Market:
    916
    Last Refresh:
    May 20 at 8:29 pm

    Property Features for 7320 Kingswood Dr

    General Information

    Standard status
    Active
    Size
    16,866 SF
    Lot size
    1.75 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Addison Williams
    Addison Williams

    Listing agent Addison Williams

    Listing office CBRE - Corporate

    Listing date Dec 6, 2023

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Corporate

    HighLights

    • Long‑term lease: Service King will extend their lease for ~16 years upon sale, resulting in a total lease term of 20 years.
    • Established tenant: Service King has been operating at this location for 17 years.
    • Scheduled rent increases: The lease includes four (4) scheduled rent increases throughout the 20‑year term.
    • Tenant options: Service King retains two 5‑year options, each with 5% rental escalations.
    • Freestanding building: The property is a 16,866 square foot free‑standing Service King automotive collision repair shop.
    • Prime location: Located just off the corner of S. Hulen Street and Kingswood Drive in Fort Worth, TX.

    Overview

    This 16,866 square foot automotive collision repair shop is located in Fort Worth, Texas, just off the corner of S. Hulen Street and Kingswood Drive. The property has been occupied by Service King for 17 years, since January 2003. Upon sale, Service King will exercise a lease amendment, extending their lease term for approximately 16 years, resulting in a total lease term of 20 years. The lease includes four scheduled rent increases throughout the 20-year term. Service King has the option to retain two 5-year options, each with 5% rental escalations.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $406.8k $24.12
    − Vacancy −$19.5k −$1.16
    EGI $387.3k $22.96
    − OpEx −$116.2k −$6.89
    NOI $271.1k $16.07
    16,866 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $3.87M
    $3.39M – $4.52M (±1% cap)
    NOI $271,097 @ 7.0% cap · market cap 8.02%
    Second Best
    Industrial
    $1.52M
    $1.33M – $1.77M (±1% cap)
    NOI $106,419 @ 7.0% cap · market cap 3.15%
    Theoretical Best
    Office A
    $6.13M
    $5.36M – $7.15M (±1% cap)
    NOI $428,869 @ 7.0% cap · market cap 12.69%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Crash Champions Collision ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • All Tune & Lube — 7237 s hulen st, fort worth, tx 76133
    • Mike's Mechanic's — 4100 yellowleaf dr, fort worth, tx 76133
    • City Garage Auto Repair & Oil Change — 7228 S Hulen St, Fort Worth, TX 76133
    • Jiffy Lube — 7725 Summer Creek Dr, Fort Worth, TX 76123
    • Brakes Plus — 7228 S Hulen St, Fort Worth, TX 76133

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.397
    Latitude
    32.6413

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    FAQs

    What type of property is this?
    Auto shop - Freestanding automotive collision repair shop in Fort Worth, Texas.
    Where is this auto shop located?
    The property is located at 7320 Kingswood Dr Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $3,379,367.
    What are key features of this property?
    This property features: Long‑term lease: Service King will extend their lease for ~16 years upon sale, resulting in a total lease term of 20 years.; Established tenant: Service King has been operating at this location for 17 years.; Scheduled rent increases: The lease includes four (4) scheduled rent increases throughout the 20‑year term.
    (248) 227-3611 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Addison Williams
    Addison Williams
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