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1323 Brookside DrGlenn Heights, TX 75154

Fee Simple, NNN Lease, High Returns

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a fee simple interest in a 12,000-square-foot truck parking facility situated on a 6.03-acre lot in Glenn Heights, Texas. The property, built in 1984, features a single-story building and is currently 100% occupied under a 5-year absolute NNN lease (expiring December 14, 2028, with 4.1 years remaining). The lease includes significant rent bumps: 23% initially, followed by 4.76% annual increases. The tenant, Brookside Truck Parking, utilizes the property for outside storage, with ample gravel parking suitable for Class 8 heavy-duty tractors. The property includes fencing, an access gate, and is strategically located on Interstate 35, just five miles south of the I-20 interchange and one mile north of the proposed Loop 9 Southeast Project, benefiting from its proximity to major freight routes and significant industrial inventory within a six-mile radius. This prime location within the Dallas-Fort Worth metroplex offers substantial growth potential and a stable income stream in a state with no income tax. Lease options include one and three-year extensions. The property's robust infrastructure and advantageous location make it an ideal investment for discerning buyers seeking strong returns and long-term stability. The property includes an 8,000 square foot multi-bay service building.

Highlights

  • Absolute NNN lease with limited landlord responsibilities.
  • Significant rent increases: 23% initial increase followed by 4.76% annual increases.
  • Improved property features: 12,000 SF truck parking facility with 8,000 SF service building, gravel parking for Class 8 tractors, fencing, and access gate.
  • Dallas-Fort Worth MSA location: Prime location within the Dallas/Fort Worth metroplex.
  • Strategic I-35 location: Excellent access to major freight routes, near I-20 and proposed Loop 9 Southeast Project.
  • Texas location: Benefits from no state income tax.

Property Details for 1323 Brookside Dr

Property type
Industrial properties, Self storage facilities
Square Feet
12,000 SF
Year Built
1984
Buildings
1
Stories
1
Lot Size (sq. ft)
262,667 SF
Units
1

Location Insight

City
Glenn Heights
County
Dallas
State
Texas
Latitude
32.5632749
Longitude
-96.8247347
1323 Brookside Dr, Glenn Heights, Texas

FAQs

What type of property is this?
Industrial property - Fee Simple, NNN Lease, High Returns
Where is the industrial property located?
The property is located at 1323 Brookside Dr Glenn Heights, TX.
What are key features of this property?
This property features: Absolute NNN lease with limited landlord responsibilities.; Significant rent increases: 23% initial increase followed by 4.76% annual increases.; Improved property features: 12,000 SF truck parking facility with 8,000 SF service building, gravel parking for Class 8 tractors, fencing, and access gate.
How can I contact the broker?
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1323 Brookside Dr
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