700 Glade Rd - Auto Repair FOR SALE


Colleyville, TX 76034
$2,384,777 USD
332-345-4220
700 Glade Rd, Colleyville, TX for Sale
$2,384,777 USD
Auto Repair - FOR SALE
1/2
null | 5.4% Cap Rate

700 Glade Rd
Colleyville, TX 76034


HIGHLIGHTS

  • Prime Location in the Dallas–Fort Worth MSA – Income Tax-Free State
  • Outstanding Site Exposure and Accessibility
  • Long-Term NNN Lease with Scheduled Rental Increases

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Brakes Plus located at 700 Glade Road, Colleyville, TX 76034. The site consists of roughly 4,605 rentable square feet of building space on an estimated 0.75-acre parcel of land. This Brakes Plus is subject to a 20-year Triple Net (NNN) lease, which commenced 11/1/2023. The current annual rent is $128,778 and has scheduled increases of 1.50% annually until 11/1/2028, then 7.5% every 5 years thereafter.

FOR SALE DETAILS

PRICE

$2,384,777 USD

PRICE/SF

$518 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brakes Plus - Mavis Corporate Guaranty

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

-

APN/PARCEL ID

06615988

ASK ABOUT THIS PROPERTY

Richard NardiSurmountMore Info
332-345-4220

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Richard NardiSurmountMore Info
332-345-4220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.