FleetPride
Retail | 8.50% CAP | 6,708 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a FleetPride located at 1033 North Fruitridge Avenue, Terre Haute, IN 47804. The site consists of roughly 6,708 rentable square feet of building space on an estimated 1.63-acre parcel of land. FleetPride is subject to a 14-year Double Net (NN) lease, which commenced 6/1/2014. The current annual rent is $39,470 and has scheduled increases of FMV.
Investment highlights
Attractive Price Point & Yield | This offering affords a low-barrier-to-entry investment for private buyers or 1031- exchange participants seeking yield and strong tenant credit.
TruckPro & FleetPride Merger | The merger between TruckPro and FleetPride has created the undisputed national leader in the heavy-duty aftermarket industry, uniting over 450 locations and 110 service centers under the FleetPride brand.
Strategic Consolidation & Credit Enhacement | This strategic consolidation, backed by private equity giants American Securities and Platinum Equity, significantly enhances the tenant's credit profile by creating a dominant "national powerhouse" with the massive scale, unified digital infrastructure, and logistics network required to outpace regional competitors.
Established National Operator | FleetPride operates a large national network, offering scale, brand recognition, and longterm operating stability.
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