Listed by Sands Investment Group, Sands Investment Group Philadelphia
$18,250,000
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 28,410
Cap Rate 4.98%
NOI $909,000
Occupancy 100%
Tenancy Multi
Lease Type Absolute NNN
Price per SqFt $642
Acreage 5.190
Investment Type Net Lease
Tenant Credit Franchisee, Corporate Guarantee
Ground Lease No
7-Property Auto Service Portfolio | Absolute NNN Leases
Marketing description
This portfolio consists of 5 SpeeDee Oil Change & Auto Service locations, 1 Grease Monkey location, and 1 multi-tenant retail property across Massachusetts (5) and Louisiana (2). All properties are subject to Absolute Triple Net (NNN) leases and have 30+ years of established operating history, offering a rare opportunity to acquire a geographically diversified portfolio of stable, long-term automotive service assets.
Investment highlights
- Portfolio Overview: 7-unit portfolio of oil change and auto repair sites with site-level sales reported.
- Absolute Triple Net (NNN) Leases: All locations are on Absolute Triple Net (NNN) Leases and are spread throughout Louisiana and Massachusetts.
- Established Operating History: All Massachusetts locations have over 30 years of operational history.
- Percentage Rent Growth: Multiple sites include percentage rent triggers or overrides tied to gross sales, providing built-in NOI upside as volumes grow. Please contact the brokers for more information.
- High-Traffic Sites: Locations positioned on corridors ranging from 11,000-60,000 VPD, including outparcels to major grocers, retail corridors, and regional shopping nodes.
- Corporate & Franchisee Credit: Mix of corporate-guaranteed and multi-unit franchisee leases; several operators have long-term tenure and proven performance.
- Auto-Service Resilience: Quick-lube and auto-service assets remain recession-resistant, benefiting from essential-service demand and high repeat-customer frequency.
Listing Contacts
Listed by Sands Investment Group, Sands Investment Group Philadelphia
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$909,000.00
$75,750.00/mo
Valuation Metrics
0
DSCR
4.98%
Cap Rate
4.98%
ROI
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