4321 Ross AveDallas, TX 75204

For Sale
$1,748,000

High-yield NNN ground lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 1,500 square foot Take 5 Oil Change located at 4321 Ross Ave, Dallas, TX 75204. The property sits on a 0.26-acre lot and boasts a 15-year absolute NNN corporate ground lease with a prominent hard corner location. The lease, guaranteed by Driven Systems, LLC, a subsidiary of Driven Brands, Inc., features 10% rent bumps every five years, providing significant long-term growth potential. Built in 2024, this property offers a hands-off investment with zero maintenance or expense obligations for the landlord. The property's strategic location is just 0.5 miles from Downtown Dallas and benefits from excellent demographics, including over 409,500 residents with average household incomes exceeding $131,872 within a 5-mile radius. Its adjacency to a 250-unit luxury apartment complex and a 7-Eleven further enhances its appeal and convenience. The Dallas-Fort Worth MSA, home to the 4th largest concentration of Fortune 500 companies, provides a stable and robust economic backdrop. The asking price is $1,748,000, representing a 5.15% cap rate and a NOI of $90,000. The lease includes three, 5-year options. This is a truly passive investment opportunity with strong tenant and location characteristics.

Highlights

  • 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
  • Lease Guaranteed by Driven Brands, Inc. Subsidiary
  • Hard Corner Location, 0.5 Miles from Downtown Dallas
  • Zero Landlord Maintenance/Expenses; Hands-Off Investment
  • Dallas-Fort Worth: 4th Largest Concentration of Fortune 500 Companies
  • Across from 250-Unit Luxury Apartment Complex

Property Details for 4321 Ross Ave

Property type
Other retail properties, Automotive properties
Square Feet
1,500 SF
Year Built
2024
Lot Size (sq. ft)
11,326 SF

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.802138
Longitude
-96.781635
4321 Ross Ave, Dallas, Texas

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4321 Ross Ave
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