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    Automotive Collision Repair Shop For Sale Title is generated by Realmo AI

    12111 Garland Rd, Dallas, TX

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

    Type:RETAIL
    Property size:
    16,486 SF
    Lot size:
    2.92 Acres
    Price / SF:
    $225/SF
    Added:
    Dec 6, 2023
    Days on Market:
    915
    Last Refresh:
    May 20 at 8:25 pm

    Property Features for 12111 Garland Rd

    General Information

    Standard status
    Active
    Size
    16,486 SF
    Lot size
    2.92 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 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.
    • Established location with a 17‑year operating history for Service King.
    • Absolute net lease structure, eliminating all Landlord responsibilities.
    • Four (4) rental increases scheduled throughout the new 20‑year lease term.

    Overview

    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.

    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 $397.6k $24.12
    − Vacancy −$18.7k −$1.13
    EGI $379.0k $22.99
    − OpEx −$113.7k −$6.90
    NOI $265.3k $16.09
    16,486 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $3.79M
    $3.32M – $4.42M (±1% cap)
    NOI $265,267 @ 7.0% cap · market cap 7.13%
    Second Best
    Industrial
    $1.34M
    $1.17M – $1.57M (±1% cap)
    NOI $93,995 @ 7.0% cap · market cap 2.53%
    Theoretical Best
    Office A
    $19.78M
    $17.31M – $23.08M (±1% cap)
    NOI $1,384,729 @ 7.0% cap · market cap 37.21%
    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

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • DFW Metro Towing — 2351 Santa Anna Ave Ste. 6, Dallas, TX 75228
    • Platinum Appeal — 2353 Santa Anna Ave, Dallas, TX 75228
    • New Vision Customz — 11530 Fernald Ave, Dallas, TX 75218
    • Engine Masters & Supply — 2221 Santa Anna Ave, Dallas, TX 75228
    • IN AND OUT AUTOMOTIVE LLC — 11412 Lippitt Ave, Dallas, TX 75218

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.6728
    Latitude
    32.8623

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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 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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