Service King

Irving, TX

Property Highlights

  • Net Leased Service King Investment Property - Marcus & Millichap is pleased to exclusively market for sale a single-tenant net-leased Service King in Irving, Texas.
  • 18 Years Remaining on Long Term Lease, 10% Rent Increases - Service King occupies the property on an Absolute Triple Net (NNN) lease which commenced in 2002 and expires on December 31, 2038. The lease includes 10% rent increases every four years and during the option period.
  • Guarantee From Sterling Collision Centers LLC, Acquired by Service King - Service King is a leading national automotive collision repair company that has over 345 locations in 24 states. In 2014, Service King acquired Sterling Collision Centers LLC and their 62 stores, turning two well established brands into one growing team and helping Service King to remain the choice collision repair operator in the United States.
  • Ideally Located Among Well-Traveled Freeway, Near the University of Dallas - The subject location is situated off of Airport Freeway (Texas Highway 183) which has over 152,000 vehicles per day. Across the highway lies the University of Dallas which is a private institution offering a plethora of schools.
  • Located in the Dallas-Fort Worth MSA - The subject location in Irving, Texas is located just 16 miles southeast of Arlington (Pop: 402,762) and is also located within the Dallas-Fort Worth MSA (Pop: 6,301,000), being only 12 miles from Dallas (1,382,270) and 25 miles from the city of Fort Worth (Pop: 932,116).
  • Price: $3,275,000
  • Lot Size: 1.88 AC
  • Cap Rate: 5.50%
  • Lease Type: Absolute Triple Net (NNN)
  • Year Built: 2002
  • Building SF: 14,279 SF
  • Status: Sold
  • Guarantor: Sterling Collision Center LLC

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