Listed by SURMOUNT
$1,125,402
LoanStar
Details
Property Type Retail
Sub Type Loan services
Square Footage 1,104
Cap Rate 6.25%
NOI $70,338
Tenancy Single
Lease Type NNN
Lease Expiration 06/13/2044
Remaining Term 18.1
Year Built 1988
Acreage 0.260
Tenant Credit Corporate Guarantee
Lease Commencement 09/26/2024
Ground Lease No
Ownership Fee Simple
About This Property
Investment highlights
- Long Term Abs NNN Lease | There are over eighteen (18) years remaining on an original twenty (20) year absolute triple net (NNN) lease, with no landlord responsibilities. This site is strategically located at the corner lot of a major intersection experiencing nearly 50,000 vehicles per day.
- Corporate Guarantee | Wellshire Financial Services, LLC, the primary operating entity behind the Loan Star Title Loans, MoneyMax Title Loans, and LoanMax brands. Wellshire is part of a broader enterprise controlled by founder Rod Aycox through Select Management Resources, headquartered in Alpharetta, Georgia. Together the platform operates approximately 500+ title lending locations across more than 20 states.
- Strong Demographics | There are over 11,000 individuals within one mile of the property, nearly 100,000 within three miles, and over 244,000 individuals within a five-mile radius. The population has grown at a positive annual rate over the last five years and is expected to grow by nearly 1% annually over the next five years.
- Above - Market Annual Increases | This lease benefits from above-market annual rental increases of three percent (3%) throughout the remainder of the lease term, and continues throughout the two (2), five (5)-year option periods.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$70,338.00
$5,861.50/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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