OVERSEAS SERVICE HAUS (DALLAS, TX)

SINGLE TENANT

17899 PRESTON ROAD, DALLAS, TX 75252
Price :
$ 3,800,000
Cap Rate :
7.64%
NOI :
$ 290,460
Lot Size :
1.12 acres
Year Built :
1999
Property Area :
15,372 sqft
Status :
AVAILABLE
MARKETING PACKAGE

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

 

Investment Highlights

  • 15,372-Square Foot Auto Repair Building Situated on 1.12 Acres
  • Features 19 Bay Doors and Fenced Parking Lot
  • Preston Road Frontage in the Highly Sought-After North Dallas Market
  • Located Near Residential Properties for Surplus of Potential Customers
  • Proximate to Dallas North Tollway and George Bush Turnpike

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Overseas Service Haus, located at 17899 Preston Road in Dallas, Texas. The subject auto repair building consists of approximately 15,372 square feet and is situated on approximately 1.12 acres of land. Built in 1999, the subject property features 19 drive-in docks and a fenced parking lot. The asset is proximate to Dallas North Tollway and George Bush Turnpike and is located near residential properties for a surplus of potential customers. There are approximately 10 years remaining on the current lease term, with 3% annual rental escalations, providing an investor with a strong hedge against inflation.

Overseas Service Haus is an ASE certified maintenance and repair shop in the Dallas-Fort Worth area. Specializing in luxury Japanese vehicles, they maintain makes and models including Mercedes Benz, Range Rover, BMW, Porsche, Volkswagen, Lexus, Audi, Volvo, Mini Cooper, Jaguar, and more. The best dealer alternative, Overseas Service Haus, has an A+ rating with the Better Business Bureau. https://overseashaus.com/

The Dallas/Fort Worth metroplex is the fourth-most populous metro in the nation with an aggregate of more than 7.1 million residents. It is composed of 13 counties stretching nearly 10,000 square miles. The city of Dallas houses 1.3 million people, followed by Fort Worth with 800,000 residents. Strong job growth continually draws new residents to the region. To accommodate the additional traffic, the region’s transportation network is evolving. Traffic flow is improved as freeways are expanded and miles are being added to tollways and turnpikes. The growth of the transportation network is vital to supporting commuters to the metros numerous corporations and growing industries. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro. The Metroplex is home to 21 Fortune 500 companies and many regional headquarters, drawing workers and residents. The area’s extensive network of rail and highways, along with the International Inland Port of Dallas, ensure its status as a distribution hub.

 

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: ZAA0060106)

Exclusive Listing

Adam Abushagur
(972) 755-5223
Lic # TX : 661916
Vincent Knipp
(972) 755-5205
Lic # TX : 0579633

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