909 Moore AveTerrell, TX 75160

For Sale
$1,200,000

High-cap rate auto shop, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 5,120-square-foot auto shop in Terrell, Texas, currently leased to a national tenant. Located at 909 W Moore Ave, this property boasts a strong location within a thriving retail corridor on W Moore Ave, benefiting from high visibility and approximately 28,000 vehicles per day. The tenant, a well-established national brand, has occupied the space since September 27, 1996, demonstrating a long-term commitment to the location, having exercised four lease renewal options. The current lease, a Net Net (NN) lease, expires February 28, 2030, offering a remaining term of 5.3 years with a one or five-year option. The property sits on a 0.41-acre lot and was built in 1973. The property generates a Net Operating Income (NOI) of $75,600, resulting in an attractive 6.30% capitalization rate. The asking price is $1,200,000. This investment benefits from a low rent per square foot ($15.23) for this market, a strong tenant with a high credit rating, and a location less than 30 miles from Downtown Dallas, TX, and conveniently situated off the I-20 corridor. The property is situated in a growing submarket with nearly 19,000 people residing within a 3-mile radius. Texas's income-tax-free status further enhances the investment's appeal. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location.

Highlights

  • $1,200,000 asking price for a 5,120 SF net-leased auto shop in Terrell, TX.
  • 6.30% cap rate with a $75,600 NOI.
  • 100% occupancy with a single tenant, currently AutoZone, Advanced Auto Parts, O'Reilly Auto Parts, Firestone, Goodyear Auto Service, or Mavis Discount Tires (exact tenant not specified).
  • 5.3 years remaining on the lease with one 5-year renewal option.
  • Located on 0.41 acres at 909 W Moore Ave, Terrell, TX 75160, near I-20 and less than 30 miles from Downtown Dallas.
  • Built in 1973.

Property Details for 909 Moore Ave

Property type
Other retail properties, Automotive properties
Square Feet
5,120 SF
Year Built
1973
Lot Size (sq. ft)
17,860 SF

Location Insight

City
Terrell
County
Kaufman
State
Texas
Latitude
32.737514
Longitude
-96.2888232
909 Moore Ave, Terrell, Texas

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909 Moore Ave
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