Brakes Plus, Hudson Oaks, Texas

2809 Fort Worth Highway no-imageVIEW MAP

Property Information

Price: $2,972,727

Cap Rate: 5.50%
NOI: $163,500
Lease Term: 15 Years
Lease Type: Absolute NNN
Building Size: Approximately 4,900 Square Feet
Year Built: 2023
Status: Available
Lead Broker Information:

Randy Bell


Property Description

Investment Highlights

  • Brand-New 15 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Five (5-Year) Options to Renew
  • 7.5% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Corporately Guaranteed Lease by Brakes Plus, LLC – Brakes Plus is a Best in Class, Leading Automotive Service Tenant Founded in 1990 That Operates More Than 145 Locations in 6 States
  • New Construction, Pride of Ownership Asset Featuring Brakes Plus’s Latest Prototype Design – a Modern and Aesthetically Pleasing Property
  • Intrinsic Value Asset – Large Format Automotive Service Center at 4,900 Square Feet on a Sizeable 1.01 Acre Parcel Containing 29 Parking Spaces & 8 Drive-In Service Bays, Providing Brakes Plus with the Ability to Effectively Handle High Customer Volume
  • High Traffic Location – Over 25,000 Vehicles Per Day on Fort Worth Hwy (US-180), More Than 7,300 Vehicles Per Day on N. Oakridge Drive & an Additional 89,629 Vehicles Per Day on Nearby Interstate-20
  • Densely Populated, Infill Location with Excellent Demographics – Over 40,000 People in a 5-Mile Radius with Average Household Income Exceeding $127,000 within a 3-Mile Radius of the Property
  • Over 1.9 Million Square Feet of Industrial & Office Space and 3.6 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 2,000 Businesses & 14,000 Employees
  • Strategically Positioned Adjacent to a Walmart Supercenter That Has Seen More Than 1.63 Million Visits Over the Last Calendar Year
  • Approximately 1-Mile from a HEB Grocery Store That Has Seen Over 1.87 Million Visits Over the Last Calendar Year
  • Strong Multi-Family Density with Over 3,900 Apartment Units in a 5-Mile Radius of the Property
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset