Stabilized, income-producing automotive investment consisting of an operating used auto 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 at 2002 W Main St is a leased, cash-flowing used auto dealership that forms the basis of the income and cap rate analysis. The lease is in place through 2027 with a renewal option, providing stable in-place income with limited landlord responsibilities.
The adjoining 2010 W Main St parcel provides essential overflow parking for vehicle inventory and customer parking, supporting the continued operation of the dealership. It does not generate separate rental income; its value is tied to its support of dealership operations and future land-use potential, subject to City approval.
Together, the properties provide immediate income stability while offering additional land value and long-term flexibility. The offering provides investors with current cash flow from an established automotive tenant, combined with the future potential of the adjoining land.