909 Moore Ave Terrell, TX 75160-3003

Property Details for 909 Moore Ave

Year built

1973

Lot size

0.31 lot acres

Property size

5,120 SF

Property type

Commercial real estate

APN

00.3720.0373.0008.00.06.06

APU

372003730008000606

Description

This exceptional investment opportunity presents a 5,120-square-foot auto shop in Terrell, Texas, currently leased to a national tenant. Located at 909 W Moore Ave, this property boasts a strong location within a thriving retail corridor on W Moore Ave, benefiting from high visibility and approximately 28,000 vehicles per day. The tenant, a well-established national brand, has occupied the space since September 27, 1996, demonstrating a long-term commitment to the location, having exercised four lease renewal options. The current lease, a Net Net (NN) lease, expires February 28, 2030, offering a remaining term of 5.3 years with a one or five-year option. The property sits on a 0.41-acre lot and was built in 1973. The property generates a Net Operating Income (NOI) of $75,600, resulting in an attractive 6.30% capitalization rate. The asking price is $1,200,000. This investment benefits from a low rent per square foot ($15.23) for this market, a strong tenant with a high credit rating, and a location less than 30 miles from Downtown Dallas, TX, and conveniently situated off the I-20 corridor. The property is situated in a growing submarket with nearly 19,000 people residing within a 3-mile radius. Texas's income-tax-free status further enhances the investment's appeal. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location.