Dallas, TX - Sixt Rent A Car

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a SIXT Rent A Car investment property located in Dallas, Texas. The property is subject to a new 7-year lease with one (3-year) option to extend. The lease features 3% rental increases throughout the initial term and a FMV increase at the beginning of the option period. SIXT is based in Germany and has over 2,200 locations across 105 countries.

The subject property is strategically positioned half a mile from Dallas Love Field. Dallas Love Field sees over 17 million annual passengers and is one of the major airports serving the DFW metroplex. Due to the airport’s lack of “on-site” rental cars, customers are shuttled directly to the subject property from the airport. The asset’s proximity to the airport underscores its position as a mission-critical location. The tenant has completed a substantial location build-out.

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Listing ID: a28TP000003aEM6YAM