4321 Ross Ave Dallas, TX 75204
- Retail properties
- 1,500 SF
- 0.26 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4321 Ross Ave
- Year built
- 2024
- Lot size
- 0.26 lot acres
- Property size
- 1,500 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 1,500 square foot Take 5 Oil Change located at 4321 Ross Ave, Dallas, TX 75204. The property sits on a 0.26-acre lot and boasts a 15-year absolute NNN corporate ground lease with a prominent hard corner location. The lease, guaranteed by Driven Systems, LLC, a subsidiary of Driven Brands, Inc., features 10% rent bumps every five years, providing significant long-term growth potential. Built in 2024, this property offers a hands-off investment with zero maintenance or expense obligations for the landlord. The property's strategic location is just 0.5 miles from Downtown Dallas and benefits from excellent demographics, including over 409,500 residents with average household incomes exceeding $131,872 within a 5-mile radius. Its adjacency to a 250-unit luxury apartment complex and a 7-Eleven further enhances its appeal and convenience. The Dallas-Fort Worth MSA, home to the 4th largest concentration of Fortune 500 companies, provides a stable and robust economic backdrop. The asking price is $1,748,000, representing a 5.15% cap rate and a NOI of $90,000. The lease includes three, 5-year options. This is a truly passive investment opportunity with strong tenant and location characteristics.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Dallas
- State
- Texas
- Longitude
- -96.7816
- Latitude
- 32.8021
