BIG MAN WASHES (IRVING, TX)

SINGLE TENANT

3421 SOUTH BRIERY ROAD, IRVING, TX 75060
Price :
$ 2,669,000
Cap Rate :
8.35%
NOI :
$ 222,756
Lot Size :
1.69 acres
Year Built :
1981
Property Area :
13,920 sqft
Status :
AVAILABLE
MARKETING PACKAGE

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

 

Investment Highlights

• Over 7 Years Remaining on Absolute Net Lease with Zero Landlord Responsibilities
• Large Concrete Paved Lot Providing Ample Amount of Parking and Approximately 1 Acre of Outside Storage Area
• Subject Asset Contains Nine Grade-Level Doors, 18’ Clear Height and Masonry Construction
• Seller Reports Newly Constructed 2nd Floor Office Space Addition
• Adjacent to Belt Line Road, Proximate to West Irving DART Station and Strategically Located in the Heart of Dallas-Fort Worth Metroplex

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 3421 South Briery Road in Irving, Texas, leased to Big Man Washes. The subject property consists of approximately 13,920 square feet of space and is situated on 1.69 acres of land. The subject property features nine grade-level doors, 18’ clear height, and masonry construction. The asset has approximately one acre of outside storage area and a large concrete paved lot, providing ample amount of parking. The seller reports a newly constructed, 2nd floor office space addition. With over 7 years remaining on the absolute net lease personally guaranteed with Big Man Washes, a buyer would have zero landlord responsibilities. The subject property is adjacent to Belt Line Road, proximate to West Irving Dart Station, and strategically located in the heart of the Dallas-Fort Worth Metroplex.

Big Man Washes has established itself as a market leader in the vehicle washing industry. Based in Dallas-Fort Worth, the company is a leading supplier for car wash equipment, chemicals, and maintenance proudly serving Texas, New Mexico, and Oklahoma. Together, Big Man Washes and BMG Commercial are a leading supplier for car wash equipment, chemicals, construction, maintenance and service in DFW. Big Man Washes has paired themselves with some of the most recognized leaders in the industry. They are a Select Service Organization (SSO) for Sonny’s Enterprises, Inc. – the largest supplier of conveyorized car wash equipment, parts, and supplies in the world. The company has affiliations with many industry leaders for support equipment including DRB Systems, Vacutech, Conserv, Protovest, Diamond Shine, and P&S Chemicals. (bigmanwashes.com)

Vacancies in West Brookhollow are tight due to a lack of new supply coupled with steady demand this cycle. Due to ultra-low vacancies, rent growth will likely continue to outperform the historical average over the next few years. West Brookhollow is between the Dallas CBD and the Dallas/Fort Worth International Airport. The submarket is split by Texas State Highway 183, which connects to several highways traveling in all directions through the metroplex. While West Brookhollow is one of the largest submarkets in the metroplex by inventory, most of its stock was built before the 1980s, with demand driven by manufacturers, suppliers and local distributors. (CoStar)

As the 13th largest city in the state, Irving has seen increased population growth of 12.9 percent over the past decade and is predicted to reach 320,000 by 2040 (cityofirving.org). Irving is home to seven Fortune 500 headquarters and is focused on continuing work on The Irving Economic Development Strategic Plan to go through 2022. The City of Irving is also home to the Toyota Music Factory, The Ruth Paine House Museum, and The Mustangs of Las Colinas Museum. Access to public transportation includes: DART Bus Routes, DART Rail Orange Line, Las Colinas APT, Trinity Railway Express.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2019 Marcus & Millichap. All rights reserved. (Activity ID: ZAB0060184)

Exclusive Listing

Adam Abushagur
(972) 755-5223
Lic # TX : 661916
Sam Martin
(972) 755-5198
Lic # TX : 707514

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