Listed by Stream Capital Partners
$3,941,605
Harrell’s Tire & Auto
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 16,900
Cap Rate 6.85%
NOI $270,000
Tenancy Single
Lease Type NN
Lease Term 10
Lease Options 3, 5 Year
Year Built 1997
Acreage 3.270
Investment Type Sale/Leaseback
Ground Lease No
Sale Condition Sale for leaseback
Harrell’s Tire & Auto | 3% Rent Increases I Strong Demographics & Growing Operator
Investment highlights
- LONG-TERM LEASE: The Property is secured by a 10-year lease structure with 3, five year options
- HIGH-GROWTH SUBMARKET: Positioned in a rapidly growing Cameron submarket characterized by strong rent growth and limited vacancy, driving long-term real estate fundamentals.
- ATTRACTIVE RENT GROWTH: Rare 3% annual rent increases commencing in year six, offering meaningful income growth and an attractive hedge against inflation.
- STRONG DEMOGRAPHICS: The property benefits from affluent surrounding demographics with average household incomes exceeding $102,000 within a 2-mile radius, supporting strong consumer demand.
- STRATEGIC RETAIL POSITIONING: The Property is surrounded by national retailers including Zaxby’s, Dunkin’, Taco Bell, McDonald’s, and Food Lion, reinforcing the strength of the immediate trade area.
- PRIME RETAIL CORRIDOR: Situated along Highway 87 with traffic counts exceeding 40,000 vehicles per day, providing exceptional visibility and access.
- STRONG CORPORATE GUARANTY: Backed by a creditworthy corporate guarantor with stable unit-level performance, ensuring long-term operational durability.
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$270,000.00
$22,500.00/mo
Valuation Metrics
0
DSCR
6.85%
Cap Rate
6.85%
ROI
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