Safelite Autoglass

Property Details

Asking Price:
Property Type:
Single Tenant
Square Footage:
6,800 sqft
Year Built:

Safelite Autoglass

War Room

Confidentiality Agreement

Property Overview

  • High Barriers to Entry - Dense Infill Location with Limited Retail Vacancy/Available Land
  • Upgraded Construction - Built in 2016 with interior/exterior renovation completed in January 2023
  • Rent Increases - 12% Rent Escalation in 2027 and Market Rate Increases (Not less than 12%) in Options
  • New Lease - Safelite Signed a Seven Year Lease Which Commenced in September of 2022
  • Double Net Lease - Limited Maintenance Responsibility
  • Excellent Demographics - Population of 136,769 and Average Household Income of $145,034 within 3-Mile Radius
This freestanding, 6,800 square foot Safelite is situated on 0.70 acres of land. Safelite has over 6.5 years remaining on the base term of the lease, with rent having commenced in September of 2022. The site is located on Inwood Rd, which carries over 44,000 VPD. The lease offers a 12% rent increase in 2027, as well as market rate increases of not less than 12% in the options.

This infill site is centrally located within the city of Dallas. It is within a 10-minute drive of the following: Downtown Dallas, Dallas Love Field (DAL), Highland Park Village, and the Southwestern Medical District (home of UT Southwestern, Parkland and Children’s Medical). This Safelite also benefits from its proximity to Highland Park, a municipality located within Dallas’s boundaries that boasts a highly educated and affluent demographic base. Within a three-mile radius of the site, the population is 136,769, and the average household income is $145,034.

The DFW Metroplex is the largest metropolitan area in Texas, the largest in the South, and fourth largest in the U.S. with a population of 7,694,138 according to the 2020 U.S. Census. DFW led the nation in population growth for the past decade (2010-2019), adding 1,349,378 residents to its population. Overall, DFW is the 20th largest metro economy in the world and has a GDP exceeding $472 billion. DFW has a diverse economy with dominant sectors including defense, financial services, information technology, telecommunications, and transportation. Low taxes and a business-friendly environment continue to drive job growth and attract new residents to the area.