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134 E Ovilla Rd
Red Oak, TX 75154

$3,717,234 USD

Auto Repair For Sale  •  4,092 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 4,092 SF
  • Lot Size 0.48 AC
  • Building Class C
  • Year Built 1998
  • Cap Rate 5.75 %
  • Tenancy Single
0 Transit Score
50 Walk Score

Highlights

Qualifies for bonus depreciation
Absolute NNN lease (zero landlord responsibilities)
Strong Corporate Guarantor: FullSpeed Automotive oversees ±900 owned and franchised units, generating $300 million in revenue
Annual rent increases at the greater of 2% or CPI up to 6%, a hedge against inflation
Long term ±16 year lease
Frontage on Ovilla Rd, a major arterial with immediate access to the I-35 Freeway (±95,189 VPD)

Property Flyers

Cap Rate: 5.75 %

Public Transportation

AirportDriveWalkDistance
Dallas Love Field 35 min - 24.2 mi
Dallas-Fort Worth International 48 min - 37.8 mi
Chris Hollenbeck 602-538-7155 Cushman & Wakefield
Chris Hollenbeck 602-538-7155 Cushman & Wakefield