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Brakes Plus - Mavis Corporate Guaranty 700 Glade Rd 4,605 SF Retail Building Colleyville, TX 76034 $3,096,271 CAD ($672.37 CAD/SF) 5.75% Cap Rate
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
Auto Repair
Building Size
4,605 SF
Building Class
B
Year Built
1993
Price
$3,096,271 CAD
Price Per SF
$672.37 CAD
Cap Rate
5.75%
NOI
$178,036 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.75 AC
Parking
19 Spaces (4.13 Spaces per 1,000 SF Leased)
Frontage
97’ on Glade Road
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06615988 | Improvements Assessment | $549,922 CAD |
| Land Assessment | $581,353 CAD | Total Assessment | $1,131,275 CAD |
PROPERTY TAXES
Parcel Number
06615988
Land Assessment
$581,353 CAD
Improvements Assessment
$549,922 CAD
Total Assessment
$1,131,275 CAD
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Brakes Plus - Mavis Corporate Guaranty | 700 Glade Rd
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