Service King Collision Repair Center

Service King_Sugar Land (Houston), TX_OM JPEGS.jpg

Property Details

Offering Price:

Gross Leasable Area:

Lease Term:

Lot Size:

Year Built:

$6,595,000

13,750 Sq Ft

20 Years

1.87 Acres

2021

Service King Collision Repair Center

10215 South Texas Highway 6, Sugar Land, TX 

Highlights

New 20-Year Absolute NNN Lease

Absolute ease of ownership with zero landlord responsibilities associated with the 20-year absolute triple net lease that expires in May 2041.

 

Excellent Hedge Against Inflation

10% rental increases every five years, including in the option periods.

 

New 2021 Built-to-Suit Construction

High-quality Service King facility featuring new prototype building design featuring custom specifications tailored to their customer's needs and extra efficiency.

 

Corporately Guaranteed

Service King is privately owned by majority partner Blackstone, one of the world's largest alternative investment firms with over $731 Billion assets under management (AUM), and minority partner The Carlyle Group with $293 Billion AUM.

 

Highly Sought-After Sugar Land Location

Extremely low sub-market vacancy of 3.6% combined with high barriers to entry for new development as well as excellent demographics and high quality of life.

 

Maximum Visibility Along Highway 6

Roughly 275 feet of direct frontage along South Texas 6 Highway with average daily traffic counts exceeding 49,000 vehicles.