Corporate-Leased Auto
For Sale
$11,000,000
3900 Memorial Dr, The Colony, TX 75056
Absolute NNN lease structure assigns property operating obligations to the tenant.
Property Size23,916 SF
Days on Market11
Property Features for 3900 Memorial Dr
General Information
Standard status
Active
Size
23,916 SF
Property subtype
Retail
Zoning
PD
Site & Location
Traffic Count
11,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
23,916 SF
Year Built
2026
Tenancy
Single
Listing Agency:
SRS Industrial - Newport Beach
(808) 377-0765
Listed By:
Michael Kaplan · License #CA 01732226
(808) 377-0765
Source:
Srsre
Added: Aug 22
Changed: Aug 30
Last Checked: Aug 31 at 12:34PM
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 SRS Industrial - Newport Beach
Investment Insights
Based on property information with market context.
This auto shop property at 3900 Memorial Dr is subject to a corporate-guaranteed absolute NNN lease with Quality Collision Group. The agreement provides a 20-year initial term, two 5-year extension options, and 10% rent increases every 5 years during the initial term and at each option period. The tenant is responsible for CAM, taxes, insurance, and maintenance, leaving no landlord responsibilities under the stated lease structure. Built in 2026, the property carries PD zoning.
The site occupies the signalized intersection of Memorial Drive and Standridge Drive in The Colony, with 11,500 vehicles passing the corner daily. It is positioned just off Sam Rayburn Tollway, which records 131,600 VPD, and includes multiple ingress and egress points. Grandscape is less than 2 miles away, while Lewisville Towne Crossing is less than 1 mile from the property. The surrounding trade area includes more than 224,400 residents and 114,900 employees.
The site occupies the signalized intersection of Memorial Drive and Standridge Drive in The Colony, with 11,500 vehicles passing the corner daily. It is positioned just off Sam Rayburn Tollway, which records 131,600 VPD, and includes multiple ingress and egress points. Grandscape is less than 2 miles away, while Lewisville Towne Crossing is less than 1 mile from the property. The surrounding trade area includes more than 224,400 residents and 114,900 employees.
Key Highlights
- Corporate‑guaranteed Quality Collision Group lease
- 20‑year initial lease term with two 5‑year extension options
- Absolute NNN structure with tenant responsibility for CAM, taxes, insurance, and maintenance
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
$396,967
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
3.61%
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%
$7,939,340
$7.9M
Cap Rate 7%
$5,670,957
$5.7M
Cap Rate 9%
$4,410,744
$4.4M
Market Conditions
NOI Build-Up for 23,916 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
$596.9K $24.96/SF
− Vacancy
−$29.8K −$1.25/SF
EGI
$567.1K $23.71/SF
− OpEx
−$170.1K −$7.11/SF
NOI
$397.0K $16.60/SF
Area
Denton 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%
$7,939,340
Cap Rate 7%
$5,670,957
Cap Rate 9%
$4,410,744
Alternative Uses
Best Use
Retail
$5.67M
$4.96M – $6.62M
NOI $396,967 @ 7.0% cap · market cap 3.61%
Second Best
Industrial
$1.75M
$1.53M – $2.05M
NOI $122,755 @ 7.0% cap · market cap 1.12%
Theoretical Best
Multifamily LT 5
$334.45M
$292.65M – $390.19M
NOI $23,411,606 @ 7.0% cap · market cap 212.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
11,500 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75056, TX
67,570
Population
28,102
Households
2.4
Avg Household Size
36
Median Age
54%
College-Educated
95%
High-School Grad
23.6 sq mi
ZIP Area
2,863
Density / Sq Mi
$116,806
Median Household Income
$64,197
Median Earnings
$1,808
Median Rent
$414,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Caliber Collision — 4750 Windhaven Pkwy, Lewisville, TX 75056
- NuBrakes Mobile Brake Repair — 6291 N Josey Ln, Lewisville, TX 75056
- Honest-1 Auto Care — 4740 Windhaven Pkwy, Lewisville, TX 75056
- Brakes Plus — 4739 Windhaven Pkwy, Lewisville, TX 75056
- Walmart Auto Care Centers — 4691 State Hwy 121, The Colony, TX 75056
Frequently Asked Questions
What type of property is this?
Auto shop - Absolute NNN lease structure assigns property operating obligations to the tenant.
Where is this auto shop located?
The property is located at 3900 Memorial Dr The Colony, TX.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Corporate‑guaranteed Quality Collision Group lease; 20‑year initial lease term with two 5‑year extension options; Absolute NNN structure with tenant responsibility for CAM, taxes, insurance, and maintenance
