11424 Garland RdDallas, TX 75218

For Sale
$3,200,000

High-Cap Rate Auto Restoration Business

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fully occupied, 11,638 square foot Class B auto shop in Dallas, Texas. The property, located at 11424 Garland Rd, consists of two single-story buildings totaling 11,638 net rentable square feet on a 45,634 square foot lot. The property includes 7,200 square feet of existing office and garage space, complemented by a recently constructed 4,438 square foot addition featuring a paint booth. The business boasts a strong track record, serving a global clientele with high-quality automotive restoration services. Currently operating under a 5-year NNN lease with a remaining term of 5 years, the property offers a 7.00% cap rate and a substantial net operating income (NOI) of $224,082. Recent renovations in 2022 and 2024 further enhance the property's value and appeal. This sale-leaseback opportunity provides a secure investment with significant upside potential in a thriving Dallas market. The property is offered at an asking price of $3,200,000. The buildings are situated on a large lot, providing ample space for future expansion or additional development. This is a rare chance to acquire a well-established, high-performing business in a prime location.

Highlights

  • 45,634 SF site.
  • 11,638 SF building; includes 7,200 SF existing office/garage and 4,438 SF new garage with paint booth.
  • Established automotive restoration business with global clientele.

Property Details for 11424 Garland Rd

Property type
Other specialty properties, Other retail properties
Square Feet
11,638 SF
Class
B
Buildings
2
Stories
1
Units
2

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.84864255
Longitude
-96.68218985
11424 Garland Rd, Dallas, Texas

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11424 Garland Rd
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