Listed by Hunington Properties
$4,719,528
Locals Automotive Repair – Union Park
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 4,400
Cap Rate 5.85%
NOI $276,092
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/16/2046
Remaining Term 20.2
Rent Bumps Yes
Lease Options Four (4), 5-Year Renewal Options
Price per SqFt $1,073
Year Built 2026
Buildings 1
Acreage 1.280
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/17/2026
Ground Lease No
New Development STNL | 20-Year Primary Term | Absolute NNN | 1.5% Annual Rent Increases
Marketing description
PLEASE CONTACT FOR MORE INFORMATION:
Jeffrey Aron - [email protected]
Evan Dyer - [email protected]
Matthew Kivnani - [email protected]
Investment highlights
• 20 Year Absolute Net Lease
• Positioned on E. University Drive with excellent visibility and high traffic counts
• Proximity to major arterials and rapidly developing commercial corridor
Listing Contacts
Listed by Hunington Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$276,092.00
$23,007.67/mo
Valuation Metrics
0
DSCR
5.85%
Cap Rate
5.85%
ROI
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