2809 Fort Worth Hwy Hudson Oaks, TX 76087

This property features a brand-new construction with Brakes Plus's latest prototype design. The property is an automotive service center comprising 4,900 square feet on a 1.01-acre parcel. It includes 29 parking spaces and 8 drive-in service bays. The property is subject to a 15-year absolute NNN lease with zero landlord responsibilities. The lease is corporately guaranteed by Brakes Plus, LLC, which operates more than 150 locations in 6 states. The lease includes 7.5% rent increases every 5 years throughout the initial term and option periods. There are five (5-year) options to renew. The property benefits from high traffic, with over 25,000 vehicles per day on Fort Worth Hwy (US-180) and more than 7,300 vehicles per day on N. Oakridge Drive, plus an additional 89,629 vehicles per day on nearby Interstate-20. The location is densely populated, with over 40,000 people in a 5-mile radius and average household income exceeding $127,000 within a 3-mile radius. There is over 1.9 million square feet of industrial & office space and 3.6 million square feet of restaurant & retail within a 5-mile radius, resulting in a high daytime population of more than 2,000 businesses & 14,000 employees. The property is strategically positioned adjacent to a Walmart Supercenter and approximately 1-mile from an HEB Grocery Store. There are over 3,900 apartment units in a 5-mile radius.