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Investment Highlights
- New NNN Investment Opportunity | NOI: $390,000 | Corporate Guarantee | BBB Credit Rating
- 15,600-SF Building | Situated on 0.86-AC | IR Zoning
- Excellent Transit Connectivity | Immediate Access to Major Highways, Tollway, Bus & Rail Lines
- Prime Urban Location in the High-Growth West Dallas Submarket
- Prime Accessibility Near Dallas Love Field, UT Southwestern, and the Dallas Medical District
- Surrounded by Expanding Residential, Medical, and Commercial Development Activity
Executive Summary
Marcus & Millichap is pleased to present the offering for Sixt: Love Field, a globally recognized luxury and premium vehicle rental operator, through a newly structured triple-net investment opportunity backed by a corporate guarantee from SIXT SE, which maintains a BBB investment-grade credit rating. The property consists of a 15,600-square-foot facility situated on approximately 0.86 acres in Dallas, Texas.
The tenant recently executed a seven-year lease with an initial annual net operating income of $390,000, featuring 3% annual rent increases and one three-year renewal option at market rent. Ownership has also invested more than $300,000 into tenant improvements and buildout, further enhancing the property’s long-term functionality and value.
Ideally located less than three miles from Dallas Love Field Airport, the Dallas Medical District, Highland Park Village, and affluent neighborhoods with average household incomes exceeding $180,000, the property benefits from immediate access to major highways, the Dallas North Tollway, and nearby public transit. The site also provides convenient access to Old Parkland, a more than $1 billion office campus home to some of the nation’s most prominent financial institutions and family offices, as well as the $5 billion UT Southwestern expansion project currently underway and expected to be completed by
2029.
As the Maple Avenue corridor continues to experience significant redevelopment, infrastructure investment, and population growth, the property is well positioned to capitalize on increasing demand for centrally located commercial real estate within one of Dallas’ fastest-growing urban submarkets.
The tenant recently executed a seven-year lease with an initial annual net operating income of $390,000, featuring 3% annual rent increases and one three-year renewal option at market rent. Ownership has also invested more than $300,000 into tenant improvements and buildout, further enhancing the property’s long-term functionality and value.
Ideally located less than three miles from Dallas Love Field Airport, the Dallas Medical District, Highland Park Village, and affluent neighborhoods with average household incomes exceeding $180,000, the property benefits from immediate access to major highways, the Dallas North Tollway, and nearby public transit. The site also provides convenient access to Old Parkland, a more than $1 billion office campus home to some of the nation’s most prominent financial institutions and family offices, as well as the $5 billion UT Southwestern expansion project currently underway and expected to be completed by
2029.
As the Maple Avenue corridor continues to experience significant redevelopment, infrastructure investment, and population growth, the property is well positioned to capitalize on increasing demand for centrally located commercial real estate within one of Dallas’ fastest-growing urban submarkets.
Property Facts
Amenities
- Fenced Lot
- Signage
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Electric
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Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00000429625000000 | Improvements Assessment | $1,281,319 CAD |
| Land Assessment | $2,597,269 CAD | Total Assessment | $3,878,588 CAD |
Property Taxes
Parcel Number
00000429625000000
Land Assessment
$2,597,269 CAD
Improvements Assessment
$1,281,319 CAD
Total Assessment
$3,878,588 CAD
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Sixt: Love Field | 5800 Maple Ave
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