$2,387,000 USD
574-270-0361
HIGHLIGHTS
- Lease corporately guaranteed by DriveTime, a national used-vehicle retailer with a substantial U.S. operating footprint.
- Primary term through February 2029 with three 5-year renewal options, each featuring 10% rental increases.
- Tenant recently invested approximately $500,000 in interior upgrades, demonstrating long-term commitment to the location.
- Prominent frontage along Peters Creek Parkway, a primary commercial artery with strong daily traffic counts.
- Approximately 166,925 residents within five miles and 378,239 within ten miles supporting sustained automotive demand.
- Average household income of $90,841 within five miles, aligning well with DriveTime’s core customer base.
FOR SALE DETAILS
PRICE
$2,387,000 USD
PRICE/SF
$291 USD /SF
CAP RATE
7.3%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Drivetime
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Auto Dealership, Auto Repair, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1972
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.99 AC
LAND SF
86,684 SF
ZONING
-
APN/PARCEL ID
6824-78-8435
ASK ABOUT THIS PROPERTY
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574-270-0361
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Please correct the highlighted field(s).
574-270-0361
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
