Listed by Voronin Realty
$2,600,000
Joe Maus Chevrolet
Details
APN 0141P-0B-010.00
Property Type Retail
Sub Type Auto Shop, Dealership
Cap Rate 6.77%
NOI $176,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chevrolet
Year Built 1978
Lot Size (SqFt) 10,610
Zoning R45A
Investment Type Sale/Leaseback
Ground Lease No
Sale Condition Sale for leaseback
Chevrolet Dealership - 10-Year Lease Entered Into Upon Sale
Marketing description
Absolute NNN sale-leaseback with Joe Maus Chevrolet, an established GM-affiliated dealership.
- Price/Cap: 10.00% Cap Rate ($260,000 NOI - $2,600,000 Price)
- Lease Type: Absolute NNN (Zero Landlord Responsibilities)
- Flexibility: As a sale-leaseback, the buyer has the unique opportunity to influence final lease terms.
- Proposed Terms: New 20-year master lease with 3% annual rent escalations.
- Tenant: Established GM-affiliated dealership with strong operational history and brand backing.
This is a rare chance to lock in a high-yield automotive asset with long-term stability. Reach out today for the full OM or to discuss terms.
Investment highlights
- Price/Cap: 10.00% Cap Rate ($260,000 NOI - $2,600,000 Price)
- Lease Type: Absolute NNN (Zero Landlord Responsibilities)
- Flexibility: As a sale-leaseback, the buyer has the unique opportunity to influence final lease terms.
- Proposed Terms: New 20-year master lease with 3% annual rent escalations.
- Tenant: Established GM-affiliated dealership with strong operational history and brand backing.
This is a rare chance to lock in a high-yield automotive asset with long-term stability. Reach out today for the full OM or to discuss terms.
Listing Contacts
Listed by Voronin Realty
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$176,000.00
$14,666.67/mo
Valuation Metrics
0
DSCR
6.77%
Cap Rate
6.77%
ROI
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