Stabilized, income-producing automotive investment consisting of an operating used car dealership at 2002 W Main St with an adjacent overflow parking parcel at 2010 W Main St that supports ongoing tenant operations.
The primary asset (2002 W Main St) is a long-term leased, cash-flowing used auto dealership that forms the basis of the underwriting and cap rate analysis. It provides stable in-place income with limited landlord responsibilities.
The adjoining parcel (2010 W Main St) functions as essential operational support for vehicle inventory and customer overflow parking, ensuring continuity of the dealership’s business. While not underwritten as a standalone income-producing asset, it enhances tenant stability and includes long-term redevelopment potential subject to City approval.
Together, the properties separate cash flow from land value while offering both immediate income stability and future upside optionality.