Listed by Summit Real Estate
$3,600,000
Kingwood Tire & Auto
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 4,836
Cap Rate 7.50%
NOI $270,000
Occupancy 100%
Tenancy Single
Brand/Tenant Goodyear
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 2 x 5
Year Built 1983
Year Renovated 2024
Acreage 0.810
Investment Type Sale/Leaseback
Occupancy Date 06/01/1983
Ground Lease No
Absolute Net Lease | 15 Year Primary Term | Kingwood, TX (Houston MSA)
Marketing description
Kingwood Tire & Auto is a local tire shop and automotive repair center based in Kingwood, Texas. Serving the Kingwood area since 1983, the company operates from 1208 Stonehollow Drive and provides tire shopping, tire repair and replacement, oil changes, brake repairs, vehicle inspections, transmission repairs, suspension repairs, engine repairs, and fuel system repair. Kingwood Tire & Auto also allows customers to shop for tires online by vehicle, tire size, or license plate.
Investment highlights
- Long-Term Absolute Triple-Net Lease
- Zero Landlord Responsibility
- 15-Year Primary Term with Options
- One and One-Half Percent Annual Rent Escalations
- Long-Term Operating History | Established in 1983 with Long Standing Customer Base
- Strong Household Incomes - Above National Average
- Densely Populated Area with Over 157,800 People in a 5 Mile Radius
- Traffic Counts on Kingwood Dr Exceed 40,000 VPD
- Major Retailers in the Area Include Trader Joe's, ALDI, Starbucks, Wells Fargo, 5 Below, Wendy's, Spec's, CVS, Carrabba's Italian, Walgreens, Dollar Tree, and Many More
Listing Contacts
Listed by Summit Real Estate
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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
7.5%
Cap Rate
7.5%
ROI
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