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Investment Highlights
- Great Location
- Established Tenant
- Investor Special
Executive Summary
Well-positioned single-tenant gross-leased auto service property located in the highly desirable West Houston corridor. The asset is fully leased to a Meineke franchisee under a recently executed 10-year lease (signed August 2024), providing long-term income stability with built-in rental escalations. This offering is for the real estate only. The existing Meineke franchisee will remain in place, delivering immediate cash flow from day one. In addition to the primary tenant income, the property benefits from supplemental revenue through an adjacent parking lease, enhancing overall yield and diversification of income streams. Strategically situated on S Kirkwood with strong daily traffic counts and convenient access to major freeways, the property serves a dense residential base and established commercial trade area. The surrounding area includes national retailers, service-oriented businesses, and established neighborhoods, supporting consistent demand for automotive services.
Investment Highlights:
-Long-term 10-year lease signed August 2024
-Established Meineke franchise tenant in place
-Built-in rental escalations
-Additional income from neighboring parking lease
-Strong Houston location with high visibility and accessibility
-Ideal for 1031 exchange or passive investor
-Houston continues to experience steady population growth and economic expansion, supporting long-term fundamentals for essential service retail assets such as automotive repair facilities.
Contact for full financials, lease details, and offering memorandum.
Investment Highlights:
-Long-term 10-year lease signed August 2024
-Established Meineke franchise tenant in place
-Built-in rental escalations
-Additional income from neighboring parking lease
-Strong Houston location with high visibility and accessibility
-Ideal for 1031 exchange or passive investor
-Houston continues to experience steady population growth and economic expansion, supporting long-term fundamentals for essential service retail assets such as automotive repair facilities.
Contact for full financials, lease details, and offering memorandum.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,225 SF
Building Class
C
Year Built
1997
Tenancy
Single
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.14
Lot Size
0.83 AC
Parking
7 Spaces (1.34 Spaces per 1,000 SF Leased)
Frontage
85’ on Kirkwood Dr
Amenities
- Pylon Sign
Walk Score®
Very Walkable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 1126240000011 | Improvements Assessment | $636,146 CAD |
| Land Assessment | $596,695 CAD | Total Assessment | $1,232,840 CAD |
Property Taxes
Parcel Number
1126240000011
Land Assessment
$596,695 CAD
Improvements Assessment
$636,146 CAD
Total Assessment
$1,232,840 CAD
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Meineke Car Care | 2343 S Kirkwood Rd
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