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Auto Savvy – 611 E. I-20, Duncanville, TX

611 I-20, Duncanville, Dallas County, Texas 75116

Price:  $5,222,642


NOI:  $358,528


Cap Rate:  6.75%


Building Size:  23,375 SF


Occupancy:   Single-tenant (NNN)


Lot Size:  5.994 AC / 261,098 SF


Debt:  Free & Clear


Please provide the below information to view this property's offering memorandum.






    PrincipalBroker

    Confidentiality And Conditions Agreement

    This will serve to confirm our agreement concerning certain material, data and information (the “Underwriting Package”) which Davidson Bogel Real Estate, L.L.C (“Listing Agent”) may make available to Prospective Purchaser for study in connection with a possible purchase by Prospective Purchaser of the Property.

    Listing Agent or Owner is prepared to furnish Prospective Purchaser with the Underwriting Materials in connection with discussions and negotiations concerning a possible transaction involving the Property only on the condition that Prospective Purchaser treat Underwriting Materials confidentially and confirm certain representations to Listing Agent. Therefore, as a prerequisite to Listing Agent’s furnishing to Prospective Purchaser the Underwriting Materials, Prospective Purchaser hereby represents and agrees to the following:

    1. The Underwriting Materials furnished to Prospective Purchaser will be used by Prospective Purchaser solely for evaluating a possible transaction exclusively for our own account, as principal in the transaction, and not as broker or agent for any other person. Therefore, Prospective Purchaser agrees to keep the Underwriting Materials strictly confidential for a period of 12 months; provided however that any such Underwriting Materials may be disclosed to Prospective Purchaser’s directors, officers or employees, as well as its counsel, accounting firms and financial institutions who need to know such information for the purpose of assisting with Prospective Purchaser’s possible purchase of the Property. Such directors, officers, lawyers, financial institutions and accountants shall be informed by Prospective Purchaser of the confidential nature of such information and shall be directed by Prospective Purchaser to hold such information in strict confidence and otherwise comply with the terms of this agreement. Prospective Purchaser shall be responsible for breach of this Agreement of such persons.

      Prospective Purchaser agrees not to copy or duplicate the Underwriting Materials and to return the Underwriting Materials to Listing Agent promptly if Prospective Purchaser decides to discontinue discussions, or if requested by Listing Agent or Owner.

    2. Although Listing Agent has endeavored to include in the Underwriting Materials information which Listing Agent believes to be relevant for the purpose of helping Prospective Purchaser in Prospective Purchaser’s evaluation of the Property for possible purchase, Prospective Purchaser understands and acknowledges that neither the Seller of the Property nor Listing Agent make any representation or warranty to Prospective Purchaser as to the accuracy or completeness of the Underwriting Materials. Prospective Purchaser agrees that Seller and Listing Agent shall not have any liability to Prospective Purchaser as a result of our use of the Underwriting Materials and it is understood that Prospective Purchaser is expected to perform and be responsible for such due diligence, investigations and inspections of the Property, including investigation of any environmental conditions, such as ADA (Americans with Disabilities Act), hazardous waste and flood zone as it deems necessary or desirable and as permitted by agreement with the Owner of the Property.
    3. Prospective Purchaser also warrants and represents that no broker or agent represents or will represent it in any possible transaction involving the Property. Prospective Purchaser is advised that Davidson Bogel Real Estate, L.L.C. is acting on behalf of Owner as exclusive agent in connection with the investment in this Property. Should the Prospective Purchaser elect to have representation by a Co-broker, Prospective Purchaser hereby agrees that any fees earned by or owed to Co-broker in connection with this transaction will be paid by the undersigned Prospective Purchaser, unless otherwise agreed to in writing by Davidson Bogel Real Estate, L.L.C., Prospective Purchaser and Co-broker. Prospective Purchaser agrees to indemnify and hold harmless Davidson Bogel Real Estate, L.L.C., Owner, their respective affiliates, successors and assigns, employees, officers and directors against and from any loss, liability or expense, including reasonable attorney’s fees, arising out of any claim or claims by Co-broker, finder or similar agent for commissions, fees or other compensation for bringing about any investment in the Property by Prospective Purchaser.
    4. Prospective Purchaser hereby acknowledges that Prospective Purchaser has been informed, both orally and by this written disclosure, that:
      1. Listing Agent through Cameron Deptula are acting as Agent(s) of the Seller of the Property, and
      2. Any information given by Prospective Purchaser to Listing Agent may be disclosed to the Seller.
    5. While Owner and/or Listing Agent may discuss the purchase and sale of the Property with Prospective Purchaser, either Owner or Listing Agent, in our sole and absolute discretion, may terminate discussions at any time and for any reason. Recipient acknowledges Owner has no obligation to discuss or agree to the sale of any of the Property. The discussions may be lengthy and complex, notwithstanding that we may reach one or more oral understandings or agreements on one or more issues we are discussing, neither of us shall be bound by any oral agreement of any kind and no rights, claims, obligations or liabilities of any kind, either express or implied, shall arise or exist in favor of or be binding upon either Owner or Listing Agent except to the extent expressly set out in a written agreement signed by both Owner and Listing Agent.

      THE OWNER EXPRESSLY RESERVES THE RIGHT AT ITS SOLE DISCRETION TO REJECT ANY OR ALL PROPOSALS OR EXPRESSIONS OF INTEREST IN THE PROPERTY AND TO TERMINATE DISCUSSIONS WITH ANY PARTY AT ANY TIME WITH OR WITHOUT NOTICE.

    6. Prospective Purchaser agrees not to contact the tenants, leasing brokers or Property management staff of the Property in connection with recipient’s review of the Confidential Information.
    7. THIS CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATION OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OF PREPARATION OF THIS MEMORANDUM.
    8. This Agreement is for the benefit of Owner and may be enforced by Owner.
    9. Prospective Purchaser acknowledges that in the event Prospective Purchaser breaches any provision of this Agreement, or threatens or attempts to do so, Owner would be irreparably harmed. “Accordingly, you agree in advance to the granting of injunctive or other equitable relief in favor of Owner without proof of actual damages, in addition to other remedies available at law or in equity.
    10. This agreement will be in effect for a period of one (1) year of execution.

    If you do not wish to pursue negotiations leading to this acquisition, or if in the future you discontinue such negotiations, you agree to return all confidential information to Listing Agent. Otherwise, please agree below.

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    Contact us about this property  

    Highlights

    • Fantastic STNL Auto Dealership with Credit Tenancy – AutoSavvy, the nation’s largest automotive retailer specializing in branded title vehicles and 40 locations across the United States.
    • STNL Investment with ± 7.2 Years of term remaining with four 5-year option.
    • ± 2,832 SF of office space and ± 20,543 SF of automotive/industrial workspace, featuring one (1) drive through bay, offering versatility for a wide range of users.
    • Annual rent escalations of 2.00% in both the primary and option term, providing new ownership steady revenue growth, a hedge against inflation, and upside in the future.
    • Excellent 5.994 AC pad and building located at the hard NWC of Interstate 20 Frontage Road & E Camp Wisdom Rd. The property offers fantastic access to major highways, offering excellent connectivity to the entire DFW Metroplex.
    • Significant commercial, retail and residential traffic generators, perfect for the current Tenant, as well as prospective tenants in the future.
    • Income Tax Free State.
    • Additional stability with Guaranty from Autosource Holdings Inc.

    Description

    DB2RE Investment Sales is pleased to present the opportunity to acquire Auto Savvy (“The Property”) located at 611 E Interstate 20 in Duncanville, TX. The Property, situated on the IH-20 Frontage Road, consists of 23,375 square feet and situated on 5.994 acres of land. The tenant, Auto Savvy (corporate guarantee), provides investors with a fantastic 10-year NNN lease (± 7.2 years of term remaining) that includes four 5-year options. The lease boasts advantageous rent increases of 2.00% in both the primary and options terms, With virtually zero landlord responsibilities, the offering is an ideal management free investment opportunity for passive investors and/or 1031 buyers seeking core properties with a stable revenue stream.

    Strategically positioned at the NWC corner of Interstate 20 Frontage Road and E Camp Wisdom Rd in Duncanville, Auto Savvy is located within the heart of the DFW Metroplex with excellent visibility and access to 200,000+ (IH-20) cars daily. Surrounding the property are tremendous densities with 84,895 and 238,665 residents and 42,456 and 71,568 employees across 3,155 and 6,116 businesses within a 3 and 5 mile radius. New ownership will not only enjoy this STNL investment with over $352K in net income each year, but will also be purchasing a once-in-a-generation asset in the core of the DFW metroplex.

    Location

    611 E. I-20, Duncanville, TX

    Auto Savvy – 611 E. I-20, Duncanville, TX

    611 I-20, Duncanville, Dallas County, Texas 75116

    Auto Savvy – 611 E. I-20, Duncanville, TX

    Contact Us About this Property

    Cameron Deptula

    INVESTMENT SALES
    TREC #622382

    214.526.3626 ext. 116
    CDeptula@DB2RE.com

    David Guinn, SIOR

    DIRECTOR OF INDUSTRIAL
    TREC #643784

    214.526.3626 ext. 136
    DGuinn@DB2RE.com

    Blake Schur

    INVESTMENT SALES
    TREC #788497

    214.526.3626 ext. 129
    BSchur@DB2RE.com

    Austin Russell

    INDUSTRIAL
    TREC #827707

    214.526.3626 ext. 135
    ARussell@DB2RE.com