1215 80 Frontage Rd Mesquite, TX 75150
- Retail properties
- 1.60 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1215 80 Frontage Rd
- Lot size
- 1.60 lot acres
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 14,597 square foot, single-tenant retail property leased to Service King, a prominent collision repair operator. Located at 1215 U.S. 80 Frontage Rd, Mesquite, TX 75150, this 1-story building sits on a 1.6-acre lot in the Dallas MSA, boasting high visibility and accessibility to Highway 80, a major thoroughfare with over 70,000 vehicles daily. The property features a 17-year corporate net lease (NN), providing significant long-term stability and income. The lease includes two, 5-year renewal options, further securing the investment. The asking price is $3,506,087, representing a price per square foot of $263 and a 5.75% cap rate. The current Net Operating Income (NOI) is $201,600, reflecting a 100% occupancy rate. This is a rare opportunity to acquire a well-established, high-performing asset in a prime location within a thriving market. The tenant, Service King, recently merged with Crash Champions, creating a substantial operation with over 550 shops and annual revenue exceeding $2 billion, demonstrating significant financial strength and commitment to this location. The recent 15-year lease extension underscores the tenant's long-term commitment to this established facility.
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
- Mesquite
- County
- Dallas
- State
- Texas
- Longitude
- -96.614
- Latitude
- 32.7929
