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401 N Garland Ave, Garland, TX, 75040

TAKE 5 OIL CHANGE
$1,200,000

Key Information

Cap Rate
5.7%
Year Built
1992/2017
Term Remaining
±1.5 YRS
Type
Retail
NOI
$68,400
Leasable Area
2,832

Highlights

  • Absolute NNN Lease – Zero Landlord Responsibilities The property is subject to an absolute triple-net lease, requiring the tenant to cover all maintenance, taxes, and insurance obligations. This structure provides investors with a truly passive income stream and predictable cash flow throughout the primary term and option periods.

  • Strong Corporate Tenant With National Presence- The asset is leased to Take 5 Oil Change, operated by Driven Brands—the largest automotive services company in North America. Driven Brands’ portfolio includes over 1,000 Take 5 locations nationwide, as well as well-known brands such as CARSTAR®, Meineke®, and Maaco®, underscoring the tenant’s financial strength and credit quality.
  • Dense Retail Corridor With Excellent Visibility- Located on N Garland Ave, a well-trafficked arterial road with ±23,700 vehicles per day, the site benefits from high visibility and easy access, supporting strong retail performance and consistent customer traffic.
  • Recent Renovations In 2017- Renovated in 2017, the property offers newer upgrades with minimal near-term capital expenditure requirements, enhancing long-term asset value and marketability.
  • Located In Growing Submarket Of Dallas-Fort Worth MSA- Situated in Garland, part of the expansive Dallas-Fort Worth MSA, the property benefits from a population exceeding ±360,223 residents and proximity to major employment centers, transit corridors, and retail amenities. Garland’s designation as a State Cultural District further supports long-term community investment 0.41* AC and desirability.

 

Connor Olandt (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225