Listed by Summit Real Estate
$5,340,000
Christian Brothers Automotive
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 5,392
Cap Rate 6.00%
NOI $320,400
Occupancy 100%
Tenancy Single
Brand/Tenant Christian Brothers Automotive
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 5 x 10 Yr
Class A
Year Built 2025
Acreage 2.380
Tenant Credit Corporate Guarantee
Ground Lease No
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 S Green St, which sees over 11,000 Vehicles per Day
The Population Within a 5-Mile Radius is over 115,000 People
The Average Household Income is over $148,000 - Over 1.5x the National Average
Surrounding Retailers Include; Costco, Walmart, Target, Raising Cane’s, Chick-fil-A, Hobby Lobby, Panda Express, Half Price Books, Academy Sports, ALDI, Ross Dress for Less, HomeGoods, Olive Garden and Many More
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$320,400.00
$26,700.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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