11424 Garland Rd Dallas, TX 75218

Property Details for 11424 Garland Rd

Year built

1973

Construction

FRAME

Lot size

1.05 lot acres

Property size

8,378 SF

Zone code

Z46

Property type

Gas stations

APN

0053610W000010000

APU

0053610W000010000

Description

This exceptional investment opportunity presents a fully occupied, 11,638 square foot Class B auto shop in Dallas, Texas. The property, located at 11424 Garland Rd, consists of two single-story buildings totaling 11,638 net rentable square feet on a 45,634 square foot lot. The property includes 7,200 square feet of existing office and garage space, complemented by a recently constructed 4,438 square foot addition featuring a paint booth. The business boasts a strong track record, serving a global clientele with high-quality automotive restoration services. Currently operating under a 5-year NNN lease with a remaining term of 5 years, the property offers a 7.00% cap rate and a substantial net operating income (NOI) of $224,082. Recent renovations in 2022 and 2024 further enhance the property's value and appeal. This sale-leaseback opportunity provides a secure investment with significant upside potential in a thriving Dallas market. The property is offered at an asking price of $3,200,000. The buildings are situated on a large lot, providing ample space for future expansion or additional development. This is a rare chance to acquire a well-established, high-performing business in a prime location.

Location Insight

City

Dallas

County

Dallas

State

Texas

Longitude

-96.6821

Latitude

32.8492

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments