Listed by Marcus & Millichap - Houston
$2,571,000
Sun Auto Tire & Service
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 10,800
Cap Rate 7%
NOI $180,000
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 10
Lease Expiration 07/30/2035
Remaining Term 9.2
Lease Options 4 (5-yr)
Price per SqFt $238
Year Built 2020
Acreage 2.370
Tenant Credit Corporate Guarantee
Lease Commencement 07/23/2025
Ground Lease No
Retail | 7.00% CAP | 10,800 SqFt
Marketing description
550+ Location Corporate Tenant - Sun Auto Tire & Service, corporate guarantee, proven national operator
Brand-New 10-Year Lease - Commenced July 2025, Double Net structure with minimal landlord responsibility
Built-In Rent Growth - 8% increases every 5 years through four renewal options extending to 2055
2020 Construction - Modern, purpose-built facility minimizes near-term capital expenditure and deferred maintenance risk
High-Growth MSA - Clarksville MSA, 24% population growth last decade, household incomes nearly doubled since 2000
Strategic Location - Primary corridor between Clarksville and Land Between the Lakes, captive market, limited competition
Listing Contacts
Listed by Marcus & Millichap - Houston
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,000.00
$15,000.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
