902 Kilgore DriveHenderson, TX 75652

For Sale
$1,780,646

19,800 SF Classic Collision Retail Building

Overview

Added:
Jan 9
Days on market:
64
High Yield – With a 7.75% cap rate, this offering provides one of the highest yields available for a corporate-backed, long-term lease in the market.
Corporate Guarantee – Backed by Classic Collision, a TPG capital-owned company with $239 billion in assets under management. Classic Collision operates over 300 locations across 18 states, ranking among the largest collision repair operators in the industry.
Long Term Stability – The property features a nearly 10-year lease term remaining, offering minimal landlord responsibilities and stable income.
Built-In Rent Increases – Scheduled 7.50% rent escalations every five years serve as a strong hedge against inflation and ensure growing returns over the lease term.
Strategic Acquisition – This site was recently acquired by Classic Collision as part of a 20+ year-established business, along with six additional locations in East Texas, further cementing their regional presence.
Expansive Facility – This state-of-the-art collision center spans ±19,800 square feet on ±0.85 acres, providing ample operational capacity.
Enterprise Rental Cars – Enterprise Rental Cars also leases space on-site, reflecting a strong, long-term partnership with the operator and adding an additional revenue stream

Property Details for 902 Kilgore Drive

Property type
Other retail properties, Automotive properties
Square Feet
19,800 SF
Price / Square Foot
$89.93
Class
C
Year Built
1972
Stories
1
Elevators
N/A
Lot Size (sq. ft)
97,574 SF
Net Operating Income
$138,000

Location Insight

City
Henderson
County
State
Texas

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902 Kilgore Drive
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