1323 Brookside Dr Glenn Heights, TX 75154-8404
- Warehouses
- 7,000 SF
- 6.03 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1323 Brookside Dr
- Year built
- 1984
- Construction
- STEEL FRAME
- Lot size
- 6.03 lot acres
- Property size
- 7,000 SF
- Zone code
- Z31
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 60248500020110000
- APU
- 60248500020110000
Description
This exceptional investment opportunity presents a fee simple interest in a 12,000-square-foot truck parking facility situated on a 6.03-acre lot in Glenn Heights, Texas. The property, built in 1984, features a single-story building and is currently 100% occupied under a 5-year absolute NNN lease (expiring December 14, 2028, with 4.1 years remaining). The lease includes significant rent bumps: 23% initially, followed by 4.76% annual increases. The tenant, Brookside Truck Parking, utilizes the property for outside storage, with ample gravel parking suitable for Class 8 heavy-duty tractors. The property includes fencing, an access gate, and is strategically located on Interstate 35, just five miles south of the I-20 interchange and one mile north of the proposed Loop 9 Southeast Project, benefiting from its proximity to major freight routes and significant industrial inventory within a six-mile radius. This prime location within the Dallas-Fort Worth metroplex offers substantial growth potential and a stable income stream in a state with no income tax. Lease options include one and three-year extensions. The property's robust infrastructure and advantageous location make it an ideal investment for discerning buyers seeking strong returns and long-term stability. The property includes an 8,000 square foot multi-bay service building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $405,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $565,000
- 6.5%
- $590,000
- 7%
- $600,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $610,000
- Geo Method
- $530,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $495,000
- Retail
- $680,000
- Mixed-Use
- $505,000
- Hospitality
- $565,000
- Educational
- $550,000
- Residential Income
- $585,000
- Energy
- $525,000
- Income-Based Land
- $680,000
- Food Service
- $680,000
Location Insight
- Map
- Local Demand
- City
- Glenn Heights
- County
- Dallas
- State
- Texas
- Longitude
- -96.8249
- Latitude
- 32.5637
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA