Listed by Summit Real Estate
$4,480,000
Christian Brothers Automotive
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 5,136
Cap Rate 6.00%
NOI $268,800
Occupancy 100%
Tenancy Single
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Year Built 2025
Acreage 0.870
Ground Lease No
About This Property
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 near the intersection of Westpark Dr and US 231, which sees over 22,000 Vehicles per Day
The Population Within a 5-Mile Radius is over 105,000 People
Surrounding Retailers Include; The Greenwood Mall, Meijer, Kohl’s, Walmart, Lowe’s, Target, Chick-fil-A, Raising Cane’s, McDonald’s, ALDI, Home Depot, Panera Bread, Best Buy and Many More
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$268,800.00
$22,400.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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