Listed by Core Real Estate Group LLC
$650,000
11323 Midland Blvd
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 40,672
Cap Rate 10.24%
NOI $66,582
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 10/30/2028
Remaining Term 3
Rent Bumps Yes
Lease Options 2 5 yr
Broker Co-Op Yes
Year Built 1972
Acreage 0.380
Investment Type Net Lease
Tenant Credit Franchisee, Corporate Guarantee
Retail | 10.24% CAP | 40,672 SqFt
Marketing description
For Sale Aamco Transmission. This location has been in business for more than 20 years. 3 Unit Franchisee. Minimal LL responsibilities.
Investment highlights
- Strategically Located Property | Positioned Along the Main Corridor (Midland and Us 67)
- Multi Unit Operator
- 10 Year Lease
- Two (2) Five (5)-year Option Periods
- Nationally Recognized Brand
Listing Contacts
Listed by Core Real Estate Group LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$66,582.00
$5,548.50/mo
Valuation Metrics
0
DSCR
10.24%
Cap Rate
10.24%
ROI
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Tax History
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