* High-Quality Auto Service Property – 100% leased to American Tire Depot, a subsidiary of Big Brand Tire & Service, which operates 229 auto service locations nationwide. Big Brand Tire & Service operates under the powerful backing of its parent company, Percheron Capital—an equity firm managing over $850 million of committed capital. American Tire Depot is an exceptional long-term tenant—stable, proven and backed by an extremely strong and solid corporate guarantee on all leases
* Long Term Absolute NNN Lease – American Tire Depot operates under a 15-year NNN lease (expiring November 2036), providing an excellent low management, low hassle opportunity for passive investors
* Future Development Opportunity – With a generous 1.65-acre footprint, the site presents a significant opportunity to increase NOI through the development a of an additional drive-thru or carwash building on the west end of the property
* Below Market Rent – American Tire Depot’s in-place rent is only $0.83 PSF/month, approximately 45% below market rates which CBRE estimates at $1.50 PSF/month, increasing renewal probability and enhancing the property’s long-term embedded value
* Corporate Guaranteed Lease – The American Tire Depot lease is guaranteed by Majco LLC, the parent company of Big Brand Tire & Service, providing tremendous security