Introducing an incredible investment opportunity in Arlington, Texas! Presenting Driver's Edge Tires at 5611 S Cooper St - a prime location adjacent to a brand new Aldi Grocery Store.
Featuring an absolute NNN lease with zero landlord responsibilities, this property guarantees a hassle-free investment. With a corporate guaranty from GB Auto Service, Inc., an industry leader with over 425 locations nationwide, you can rest assured of their strong credit. Plus, with a lease term remaining of approximately 12.5 years and annual rent increases of 1.75%, you have a stable and lucrative investment. Built in 2015, this ±6,646 square foot building sits on ±0.74 acres of land, providing ample space for a thriving tire sales and service business. The current NOI is $330,687.50, and the property is listed at an attractive price of $5,701,508, with a cap rate of 5.80%.
Don't miss out on the opportunity to add Driver's Edge Tires to your investment portfolio. Contact Chris Hollenbeck or Shane Carter at Cushman & Wakefield to secure this exceptional property in Arlington, Texas.
INVESTMENT HIGHLIGHTS
• Driver's Edge Tires is adjacent to a brand new Aldi Grocery Store
• Auto tires sales and service are recession proof and an absolute necessity to the consumer
• Absolute NNN lease - zero landlord responsibilities
• Corporate Guaranty with extremely strong credit
(GB Auto Service, Inc.)
• 1.75% annual increases
• Long term lease with 12.5 years remaining
• Leased to a large tire sales business with over 425 locations
TENANT HIGHLIGHTS
• GB Auto Service, Inc., boasts a portfolio of more than 425 retail locations and 19 brands throughout the United States
• Leading provider of quality aftermarket automotive repair, maintenance, and tire services
• GB Auto Service, Inc., is a subsidiary of Leonard Green & Partners, a private equity group that operates and invests in 120 platform companies across multiple business sectors
• Leonard Green & Partners (parent company) has
$70 billion of assets under management
• www.leonardgreen.com
• www.mydriversedge.com
• www.sun.auto.com
LOCATION HIGHLIGHTS
• Located in busy retail corridor, with neighboring national credit tenants such as Aldi, Albertsons, Kohls, Planet Fitness and more
• Densely populated trade area surrounded by residential communities, 310,560 residents in a 5-mile radius
• Strong average household incomes over $104,029 in a 5 mile radius
• Prominent location with frontage on a major Arlington thoroughfare, Cooper St (±51,560 VPD)
• 1.6 miles from I-20 Freeway (±188,400 VPD)