Firestone Auto Service
1698 HWY 287 N, Mansfield, TX 76063
For Sale
Contact for pricing
The site carries a corporate-guaranteed lease with renewal options extending potential occupancy through 2046.
Property Size7,715 SF
Lot Size1.28 Acres
Price / SF$433.39
Days on Market25
Property Features for 1698 HWY 287 N
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Traffic Count
Highway Access
Road Access
Tenancy & Operations
Currently Operating
Tenant in Place
Current Tenants
Real Estate Included
Additional Details
Automotive Uses
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Marcus & Millichap
Listed By:
Scott Sandelin · License #FL SL636794
(786) 522-7009
Source:
Crexi
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 5:39PM
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 Marcus & Millichap
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Investment Insights
Based on property information with market context.
Firestone Complete Auto Care occupies a freestanding 7,715-square-foot building constructed in 2006 on a 1.28-acre parcel. The property includes surface parking and signage, with direct frontage along the U.S. 287 frontage road. The tenant has operated at this location for 20 years and recently exercised a five-year option, extending the lease through September 30, 2031. Four five-year options are noted, with potential occupancy through 2046, and the lease is backed by a corporate guarantee.
The property is in Mansfield, approximately 8 miles from Fort Worth, along a principal retail corridor. U.S. 287 connects Mansfield with Fort Worth to the north and Midlothian and the southern Dallas–Fort Worth area to the south. Traffic is reported at 7,000+ vehicles per day on the frontage road and 50,000+ vehicles per day on U.S. 287. Nearby national retailers include Target, Home Depot, Lowe’s, Sam’s Club, Walmart, H-E-B, Marshalls and Best Buy.
The property is in Mansfield, approximately 8 miles from Fort Worth, along a principal retail corridor. U.S. 287 connects Mansfield with Fort Worth to the north and Midlothian and the southern Dallas–Fort Worth area to the south. Traffic is reported at 7,000+ vehicles per day on the frontage road and 50,000+ vehicles per day on U.S. 287. Nearby national retailers include Target, Home Depot, Lowe’s, Sam’s Club, Walmart, H-E-B, Marshalls and Best Buy.
Key Highlights
- 7,715‑square‑foot building on a 1.28‑acre (55,713‑square‑foot) parcel
- Firestone has operated at this location for 20 years
- Corporate‑guaranteed lease extended through September 30, 2031; options could extend occupancy through 2046
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,057
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,561,140
$2.6M
Cap Rate 7%
$1,829,386
$1.8M
Cap Rate 9%
$1,422,856
$1.4M
Market Conditions
NOI Build-Up for 7,715 SF
Gross rent
$192.6K $24.96/SF
− Vacancy
−$9.6K −$1.25/SF
EGI
$182.9K $23.71/SF
− OpEx
−$54.9K −$7.11/SF
NOI
$128.1K $16.60/SF
Area
Tarrant County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,561,140
Cap Rate 7%
$1,829,386
Cap Rate 9%
$1,422,856
Alternative Uses
Best Use
Retail
$1.83M
$1.60M – $2.13M
NOI $128,057 @ 7.0% cap · market cap 3.83%
Second Best
Industrial
$621.4K
$543.8K – $725.0K
NOI $43,501 @ 7.0% cap · market cap 1.30%
Theoretical Best
Office A
$2.71M
$2.37M – $3.17M
NOI $189,974 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
7,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
905k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Superstores 27%
Shops & Services 18%
Apparel 8%
Target
Superstores
127,684 visits/mo
0.4 miles
Sam's Club
Superstores
120,354 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
52,376 visits/mo
0.5 miles
Five Below
Shops & Services
46,871 visits/mo
0.5 miles
Ross Dress for Less
Apparel
33,991 visits/mo
0.4 miles
Demographics for 76063, TX
76,914
Population
28,105
Households
2.7
Avg Household Size
37
Median Age
42%
College-Educated
94%
High-School Grad
50.0 sq mi
ZIP Area
1,538
Density / Sq Mi
$113,177
Median Household Income
$56,480
Median Earnings
$1,762
Median Rent
$378,600
Median Home Value
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Market
Average Price Trend$/SF for Auto shops in Tarrant County, TX
Properties on Market for Auto shops in Tarrant County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- A+ Auto Care — 1506 FM157, Mansfield, TX 76063
- B&M Auto Specialists — 1516 FM157, Mansfield, TX 76063
- Triple R's 2.0 Auto Detail & Reconditioning — 1512 FM157, Mansfield, TX 76063
- Good Shop Automotive Repair — 1516 FM157, Mansfield, TX 76063
- Accuspray Systems — 1701 Towne Crossing Blvd, Mansfield, TX 76063
Frequently Asked Questions
What type of property is this?
Auto shop - The site carries a corporate-guaranteed lease with renewal options extending potential occupancy through 2046.
Where is this auto shop located?
The property is located at 1698 HWY 287 N Mansfield, TX.
What is the asking price?
The asking price for this property is $3,343,567.
What are key features of this property?
This property features: 7,715‑square‑foot building on a 1.28‑acre (55,713‑square‑foot) parcel; Firestone has operated at this location for 20 years; Corporate‑guaranteed lease extended through September 30, 2031; options could extend occupancy through 2046
