Listed by Summit Real Estate
$5,900,000
Christian Brothers Automotive
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 5,966
Cap Rate 6.00%
NOI $354,000
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 yrs
Class A
Year Built 2026
Acreage 2.610
Investment Type Net Lease
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 Tomball Pkwy, which sees over 71,000 Vehicles per Day
- The Population Within a 5-Mile Radius is over 96,000 People
- The Average Household Income is over $130,000
- Surrounding Retailers Include; Target, Lowe’s, Dollar Tree, PetSmart, Office Depot, Chick-fil-A, Sonic, Chili’s, H-E-B, Kroger, Kohl’s, Academy Sports, Marshall’s, Hobby Lobby, Walmart and Many More
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$354,000.00
$29,500.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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