5901 Locust Grv Rd Garland, TX 75043

Exceptional investment opportunity in Garland, Texas, presents a 3,366 square foot Class A auto shop located at 5901 Locust Grove Road, Dallas County, zip code 75043. This single-tenant property, built and renovated in 2023, sits on a 0.983-acre lot and boasts 17 parking spaces, a gated lot with a privacy fence, and four grade-level drive-in double doors. The building features HVAC throughout the office and shop areas. Currently operating under a gross lease with a 100% occupancy rate, the lease commenced January 1st, 2024, and expires December 31st, 2026, with a remaining term of approximately 2.1 years. The current tenant is month-to-month but open to a new 1-3 year lease with renewal options. The asking price is $1,650,000, translating to $490.20 per square foot. The property generates a Net Operating Income (NOI) of $180,000, resulting in a 10.91% cap rate. The property is zoned for Light Commercial - Auto Repair use and offers convenient access to major highways. This sale-leaseback opportunity is ideal for investors seeking a strong return or owner-users looking for a ready-to-occupy space. The property's features include ample parking, a modern design, and a prime location. The current lease provides flexibility with month-to-month or long-term lease options. This is a turnkey operation with a strong tenant and significant upside potential.