Log In/Sign up
Your email has been sent.
Brakes Plus - Mavis Corporate Guaranty 700 Glade Rd 4,605 sq ft Retail Property Colleyville, TX 76034 £1,658,100 (£360.07/sq ft) 5.75% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prime Location in the Dallas–Fort Worth MSA – Income Tax-Free State
- Long-Term NNN Lease with Scheduled Rental Increases
- Outstanding Site Exposure and Accessibility
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Vehicle Repair Garage
Property Size
4,605 sq ft
Costar Property Class
B
Year Built
1993
Price
£1,658,100
Price per sq ft
£360.07
Yield
5.75%
NOI
£95,341
Tenancy
Single
Number of Floors
1
Plot ratio
0.14
Total Plot Size
0.75 ac
Parking
19 Spaces (4.13 Spaces per 1,000 sq ft Leased)
Frontage
97 ft on Glade Road
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06615988 | Improvements Assessment | £289,712 |
| Land Assessment | £306,270 | Total Assessment | £595,982 |
PROPERTY TAXES
Parcel Number
06615988
Land Assessment
£306,270
Improvements Assessment
£289,712
Total Assessment
£595,982
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Brakes Plus - Mavis Corporate Guaranty | 700 Glade Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.