Tricolor - Dallas, TX

3363 W Northwest Hwy Dallas , TX 75220-5931

Tricolor - Dallas, TX - retail for sale

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Overview



JLL is pleased to exclusively offer a net lease opportunity to acquire the fee simple interest in a corporate guaranteed, single tenant, NNN lease, Tricolor Auto Group (the “Property”), investment property located in Dallas, TX – the 4th largest MSA (Dallas/Fort Worth) in the country. Tricolor Auto Group, a leading used car dealership in the state of Texas, extended their lease in 2014 and has 10.5 years of remaining term with rare, annual rental increases and no landlord responsibility. The Lease also includes two (2), five (5) year option periods.

Investment highlights


  • Tricolor Auto Group is on a long term NNN Lease, with rental increases throughout the primary term inclusive of the option periods, which allows for a passive investment opportunity
  • Since 2010, there have been more than 120 new headquarters in the Dallas-Fort Worth region, which boasts a tremendous 5-mile population of over 260,000 residents with an average household income of $131,500.
  • The property is situated at the corner of W. Northwest Highway and Lakefield Boulevard SW – a fully signalized intersection with more than 34,000 VPD
  • The property is conveniently located just 15 minutes from Dallas Fort Worth International Airport, the world’s fourth busiest airport, handling over 1,840 flights per day and over 67 million passengers for the twelve months ending December 2017.
  • Dallas/Fort Worth is home to 24 companies on the Fortune 500 list, including McKesson, Exxon Mobil, AT&T, American Airlines, Southwest Airlines, etc., the third-highest concentration of headquarters in the U.S. and a main reason why Forbes ranked Dallas as the No. 1 City in their list of the “Best Cities for Jobs” in 2018


General
Property type Retail
Tenure type Sale/Purchase
Property address 3363 W Northwest Hwy, Dallas, TX 75220-5931
Land in acres 1.35
Building size 3,077  ft2
Year built 1995
Financial
Price Confidential
Cap rate Confidential
Current NOI $241,999.00
Lease

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