12111 Garland Rd Dallas, TX
Call to check price and availability
16,486 SF automotive collision repair shop with NNN lease.
Type:RETAIL
Property size:
16,486 SFLot size:
2.92 AcresPrice / SF:
$225/SF- Added:
- Dec 6, 2023
- Days on Market:
- 868
- Last Refresh:
- Apr 5 at 10:14 pm
Property Features for 12111 Garland Rd
General Information
- Standard status
- Active
- Size
- 16,486 SF
- Lot size
- 2.92 Acres
- Property subtype
- RETAIL
Listing agent Addison Williams (248) 227-3611
Listing office CBRE - Corporate (248) 227-3611
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
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Crash Champions Collision ...
Auto Repair Shop
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Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Collin
- State
- Texas
- Longitude
- -96.6728
- Latitude
- 32.8623
Nearby Similar for Sale
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.
