Tricolor - Dallas, TX
3363 W Northwest Hwy Dallas , TX 75220-5931

Tricolor - Dallas, TX - retail for sale

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Overview



Tricolor Auto Group, an investment property, is up for sale in Dallas, TX — the fourth largest MSA (Dallas/Fort Worth) in the country. It is an opportunity to acquire fee simple interest in a corporate guaranteed, single-tenant, NNN lease property. Tricolor Auto Group, a leading used car dealership in the state of Texas, extended their lease in 2014, with rental increases throughout the primary term inclusive of the option periods, which allows for a passive investment opportunity. The lease also includes two (2), five (5) year option periods. 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.

Investment highlights


  • NNN Lease property, with 10.5 years of remaining term and no landlord responsibility 
  • More than 120 new headquarters in the Dallas-Fort Worth region, with a tremendous 5-mile population of over 260,000 residents and an average household income of $131,500
  • Situated at the corner of W. Northwest Highway and Lakefield Boulevard SW – a fully signalized intersection with more than 34,000 VPD
  • Conveniently located just 15 minutes from Dallas Fort Worth International Airport, which handles over 1,840 flights per day and over 67 million passengers annually.
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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