Leased Auto Body Repair
For Sale
Contact for pricing
3215 West Euless Boulevard, Euless, TX 76040
Single-tenant auto repair property available in a 15-year triple-net lease structure with scheduled annual rent increases.
Property Size5,015 SF
Lot Size0.63 Acres
Price / SF$325.42
Days on Market104
Property Features for 3215 West Euless Boulevard
General Information
Standard status
Active
Size
5,015 SF
Lot size
0.63 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$102,000
Building Details
Year Built
1978
Tenancy
Single
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Jun 9
Changed: Sep 7
Last Checked: Sep 19 at 9:18AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
The property is a single-tenant Maaco auto body repair building totaling approximately 5,015 rentable square feet on an estimated 0.63-acre site. The offering is an NNN structure, with the lease terms designed for landlord expense responsibility to be passed through to the tenant under a triple-net framework.
The building is located at 3215 West Euless Boulevard in Euless, Texas. The current lease is set to commence upon close of escrow and is structured for a 15-year term.
For buyers seeking a stabilized, single-tenant automotive specialist asset, this Maaco lease provides an annual rent of $102,000 with scheduled 2.00% annual increases. The property’s NNN lease structure and long-term term length may be a practical fit for investors looking for a straightforward single-tenant profile tied to an operating automotive brand under contractual rent escalations.
The building is located at 3215 West Euless Boulevard in Euless, Texas. The current lease is set to commence upon close of escrow and is structured for a 15-year term.
For buyers seeking a stabilized, single-tenant automotive specialist asset, this Maaco lease provides an annual rent of $102,000 with scheduled 2.00% annual increases. The property’s NNN lease structure and long-term term length may be a practical fit for investors looking for a straightforward single-tenant profile tied to an operating automotive brand under contractual rent escalations.
Key Highlights
- Maaco single‑tenant auto repair property at 3215 W Euless Blvd, Euless, TX 76040
- Approximately 5,015 rentable SF on an estimated 0.63‑acre parcel
- Subject to a 15‑year triple‑net (NNN) lease commencing upon close of escrow
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,241
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,664,820
$1.7M
Cap Rate 7%
$1,189,157
$1.2M
Cap Rate 9%
$924,900
$924.9K
Market Conditions
NOI Build-Up for 5,015 SF
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.
Gross rent
$125.2K $24.96/SF
− Vacancy
−$6.3K −$1.25/SF
EGI
$118.9K $23.71/SF
− OpEx
−$35.7K −$7.11/SF
NOI
$83.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,664,820
Cap Rate 7%
$1,189,157
Cap Rate 9%
$924,900
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,241 @ 7.0% cap · market cap 5.10%
Second Best
Industrial
$404.0K
$353.5K – $471.3K
NOI $28,277 @ 7.0% cap · market cap 1.73%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,489 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 41%
Home Improvements & Furnishings 4%
Jack in the Box
Dining
9,357 visits/mo
0.2 miles
Chevron
Shops & Services
3,874 visits/mo
0.1 miles
Family Dollar
Shops & Services
3,683 visits/mo
0.3 miles
Exxon
Shops & Services
3,419 visits/mo
0.2 miles
Public Storage
Shops & Services
1,159 visits/mo
0.1 miles
Demographics for 76040, TX
31,899
Population
12,912
Households
2.5
Avg Household Size
35
Median Age
30%
College-Educated
88%
High-School Grad
7.8 sq mi
ZIP Area
4,090
Density / Sq Mi
$69,683
Median Household Income
$41,493
Median Earnings
$1,245
Median Rent
$281,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Single-tenant auto repair property available in a 15-year triple-net lease structure with scheduled annual rent increases.
Where is this auto shop located?
The property is located at 3215 West Euless Boulevard Euless, TX.
What is the asking price?
The asking price for this property is $1,632,000.
What are key features of this property?
This property features: Maaco single‑tenant auto repair property at 3215 W Euless Blvd, Euless, TX 76040; Approximately 5,015 rentable SF on an estimated 0.63‑acre parcel; Subject to a 15‑year triple‑net (NNN) lease commencing upon close of escrow
