8732 Harmon Rd | Fort Worth, TX 76131
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8732 Harmon Rd
Fort Worth, TX 76131
Retail Property For Sale
Investment Highlights
- Service First (acquired by Sun Auto) corporate site and build-to-suit in 2019
- Ten percent (10%) rent increases every five years
- Fee simple ownership in desirable Fort Worth TX market
- Ten years remain on primary lease term, plus two, 5-year options
- Absolute NNN with zero LL responsibilities
- Outstanding demographics, retail synergy and traffic counts nearby
Executive Summary
TENANT OVERVIEW
Service First Automotive was designed by a team of customer service experts and Caliber Collision executives (America’s largest collision
repair center) on a mission to change the image of the automotive service industry. The shop offers five-star amenities such as an
enclosed indoor children’s playground, Starbucks® coffee, iPad bar and a drive-thru oil change. Service First Automotive Centers
provide their guests an Ideal Choice for Efficient, High-Quality Auto Repair or Maintenance Services at an Affordable Price. In addition
to their expert mechanics and award-winning work, they are proud to offer transparent service and amenities unlike any other auto
center.
GUARANTOR OVERVIEW
Sun Auto & Tire Service recently acquired 33 Caliber Auto Care locations in Texas: sixteen (16) in Dallas, thirteen (13) in Houston, and four (4) in San Antonio. The recent acquisition included the subject site. Prior to the acquisition, the lease was guaranteed by CH Hold Corp (Caliber Collision). Sun Auto & Tire Service is a leading provider of quality after-market automotive repair, maintenance and tire services. Sun Auto Tire & Service has 465+ retail locations and 20 brands throughout the United States with 2,500+ service bays and serves 2,000,000+ customers annually. Sun Auto operates under numerous brands including: Caliber Auto Care, Service First, Brake Max, Evans Tires, Driver’s Edge, Good Guys, Tire Works, Sun Auto Tire & Service, and more.
LOCATION OVERVIEW
Fort Worth, located in north central Texas about 30 miles west of Dallas, is familiar to many as part to the Dallas-Fort Worth metroplex. It is the fifth-largest city in the state and one of the 30 most populous in the nation, with a business-friendly environment and strong infrastructure. There are strong educational institutions such as Texas Christian Univ3errsity, Texas Wesleyan University, University of North Texas and more. Fort Worth has often been highlighted in Forbes’ list of the Best Place for Business and Careers.
The subject site is located in a dense retail trade area adjacent to Presidio Towne Crossing, a 900K+ new retail and office development. Nationally recognized retailers in this center include Costco, Target, Ross, TJ Maxx, Petco, At Home, Aldi, Guitar, WinCo Foods and Home Goods. Within a few minutes of the subject site is a 1.15+ million square foot retail, medical, residential and office development, in addition to several large apartment complexes.
Service First Automotive was designed by a team of customer service experts and Caliber Collision executives (America’s largest collision
repair center) on a mission to change the image of the automotive service industry. The shop offers five-star amenities such as an
enclosed indoor children’s playground, Starbucks® coffee, iPad bar and a drive-thru oil change. Service First Automotive Centers
provide their guests an Ideal Choice for Efficient, High-Quality Auto Repair or Maintenance Services at an Affordable Price. In addition
to their expert mechanics and award-winning work, they are proud to offer transparent service and amenities unlike any other auto
center.
GUARANTOR OVERVIEW
Sun Auto & Tire Service recently acquired 33 Caliber Auto Care locations in Texas: sixteen (16) in Dallas, thirteen (13) in Houston, and four (4) in San Antonio. The recent acquisition included the subject site. Prior to the acquisition, the lease was guaranteed by CH Hold Corp (Caliber Collision). Sun Auto & Tire Service is a leading provider of quality after-market automotive repair, maintenance and tire services. Sun Auto Tire & Service has 465+ retail locations and 20 brands throughout the United States with 2,500+ service bays and serves 2,000,000+ customers annually. Sun Auto operates under numerous brands including: Caliber Auto Care, Service First, Brake Max, Evans Tires, Driver’s Edge, Good Guys, Tire Works, Sun Auto Tire & Service, and more.
LOCATION OVERVIEW
Fort Worth, located in north central Texas about 30 miles west of Dallas, is familiar to many as part to the Dallas-Fort Worth metroplex. It is the fifth-largest city in the state and one of the 30 most populous in the nation, with a business-friendly environment and strong infrastructure. There are strong educational institutions such as Texas Christian Univ3errsity, Texas Wesleyan University, University of North Texas and more. Fort Worth has often been highlighted in Forbes’ list of the Best Place for Business and Careers.
The subject site is located in a dense retail trade area adjacent to Presidio Towne Crossing, a 900K+ new retail and office development. Nationally recognized retailers in this center include Costco, Target, Ross, TJ Maxx, Petco, At Home, Aldi, Guitar, WinCo Foods and Home Goods. Within a few minutes of the subject site is a 1.15+ million square foot retail, medical, residential and office development, in addition to several large apartment complexes.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
12,303 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2019
Price
$6,132,250
Price Per SF
$498
Cap Rate
6.08%
NOI
$372,947
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.81 AC
Parking
61 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
247 FT on Harmon Road
PROPERTY TAXES
| Parcel Number | 42423021 | Improvements Assessment | $1,824,980 |
| Land Assessment | $1,575,020 | Total Assessment | $3,400,000 |
PROPERTY TAXES
Parcel Number
42423021
Land Assessment
$1,575,020
Improvements Assessment
$1,824,980
Total Assessment
$3,400,000
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