Overseas Service Haus, Dallas, Texas

6520 N. Central Expressway no-imageVIEW MAP

Property Information

Price: $4,446,316
Cap Rate: 4.75%
NOI: $211,200
Lease Term: 6 Years Remaining
Lease Type: Absolute NNN
Building Size: Approximately 5,591 Square Feet
Year Built: 2003
Status: Available
Lead Broker Information:

Randy Bell

bell@realcapitalinvestments.com

214-380-3670
Marketing Package

Property Description

Real Capital Investments is pleased to offer to qualified investors the opportunity to acquire a generational piece of real estate leased to Overseas Service Haus. The property is situated on approximately 0.404 acres of land in an extremely high barrier to entry area of Dallas. The property is strategically located at the hard corner, signalized intersection of US-75 / N Central Expressway and University Boulevard. Traffic counts on N Central Expressway exceed 250,600 vehicles per day, with an additional 10,450 vehicles per day traveling on University Boulevard. This is a dense, infill area with over 444,250 people living in a 5-mile radius of the property. Average household income within this 5-mile radius exceeds $140,900. In addition to the high population of residents, the area has an extremely high daytime population with over 117,800 employees within a 3-mile radius and over 382,500 employees in a 5-mile radius of the property. This area contains a tremendous amount of office and multifamily space with over 17.6 million square feet of office space and more than 46,400 apartment units within a 3-mile radius. Southern Methodist University, located across the highway, has a reputation as one of the top colleges in the nation. Park Cities is an affluent, multi-generational Dallas neighborhood that enjoys a reputation for a high quality of life thanks to its safety, prestigious schools, and a multitude of nearby amenities. This Overseas Service Haus offering provides an investor the opportunity to acquire a legacy site in Dallas that will bring income for generations. The lease is an absolute NNN lease, the safest type of real estate ownership, with no landlord responsibilities whatsoever, creating a safe, passive income stream for an investor.

Investment Highlights

  • 10 Year Absolute NNN Lease with 6 Years Remaining – Stable Cash Flow Asset – Zero Landlord Responsibilities – Four (5-Year) Options to Renew
  • 10% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Upcoming 10% Rent Increase in June of 2022 Increases the Cap Rate by 50 Basis Points
  • Successful Operating History with Over 18 Years at this Location – Recently Acquired by GB Auto Inc. in 2017 and Executed a New 10 Year Lease, Showing the Strength of This Location
  • GB Auto Service Inc. Owns and Operates 180 Auto Repair Locations Including BRAKEmax, Tire Works, Driver’s Edge and Ramona Brands, Among Many Others – They Have Grown 500% Since December 2017 and Currently Serve Customers in 5 States
  • Premier Private Equity Leadership – GB Auto Inc. is a Wholly Owned Subsidiary of Greenbriar Equity Group, LP, a Leading Private Equity Firm with Over $4 Billion in Assets and the Parent Company Behind 31 Platform Companies
  • Irreplaceable, Trophy Location in the Extremely High Barrier to Entry Park Cities/University Park Area Which Contains Over 98.5 Million Square Feet of Office Space and Over 35,900 Businesses in a 5-Mile Radius
  • Densely Populated, Infill Location with Excellent Demographics – Over 444,250 People in a 5-Mile Radius with Average Household Income Exceeding $140,900
  • Highly Affluent Area of Dallas – Median Home Value Within a 3-Mile Radius Exceeds $640,000
  • High Traffic Location – Over 250,631 Vehicles Per Day on N Central Expressway and Over 10,400 Vehicles Per Day on University Boulevard
  • Across the Street from Dallas’ Prestigious College, Southern Methodist University with Over 13,000 Students and Faculty
  • Tremendous Multifamily Density with Over 46,400 Apartment Units Within a 3-Mile Radius & 124,900 Units Within a 5-Mile Radius
  • Extremely High Daytime Population with More Than 382,500 Employees Within 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