Listed by Summit Real Estate
$4,400,000
Christian Brothers Automotive
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 5,124
Cap Rate 6%
NOI $264,000
Occupancy 100%
Tenancy Single
Brand/Tenant Christian Brothers Automotive
Lease Type NNN
Price per SqFt $859
Year Built 2024
Buildings 1
Stories 1
Acreage 0.840
Long Term NNN Lease | Strong Corporate Guarantee | 1.5% Annual Rental Escalations Starting Year 6
Investment highlights
Long-Term Absolute Triple-Net Lease
Zero Landlord Responsibility
15-Year Primary Term with Options up to 65 Years
One and One-Half Percent Annual Rent Escalations Starting in Year 6
Strong Corporate Guarantee
Christian Brothers started in 1982, is Growing at 20-25 Locations per Year, Currently Has Over 325 Locations and Never Closed a Store
Situated on the Intersection of Sunset Dr and Beardsley St, which sees over 23,000 Vehicles per Day
The Population Within a 5-Mile Radius is over 61,000 People
The Average Household Income is over $130,000 - More than 1.5x the National Average
Surrounding Retailers Include; Starbucks, McDonald’s, Domino’s, Ace Hardware, Supercuts and More
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$264,000.00
$22,000.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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