Mansfield, TX - Texas Collision Centers

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an industrial NNN leased, Texas Collision Centers investment property located in Mansfield, Texas. The tenant, Texas Collision Centers recently signed a brand new, 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and FMV increases at the beginning
of each option period, steadily growing NOI and hedging against inflation. The lease is industrial NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

The Texas Collision Center is located near the signalized, hard corner intersection of S Main Street and Heritage Parkway which combine to average over 31,500 vehicles passing by daily. In addition, the site is also located near U.S. Highway 287 (51,200 VPD). The asset is located near The Shops at Broad, a Academy and Belk anchored center that also features national/credit tenants such as T.J. Maxx, Starbucks, Verizon, First Watch, Torchy’s Tacos, AT&T, Pei Wei, and many others. In addition, the subject property is less than 3 miles from a Walmart Supercenter anchored center that also features Chick-fil-A, Cici’s, Goodwill, Metro, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a H-E-B, Tom Thumb, Hobby Lobby, 24 Hour Fitness, Texas Roadhouse, In-N-Out, McDonald’s, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 115,600 residents and 38,300 employees with an average household income of $140,976.

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Listing ID: a28TP000001KsRxYAK