2150 Highway 46 - Auto Repair FOR SALE


Wasco, CA 93280
$1,257,143 USD
949-725-8606
2150 Highway 46, Wasco, CA for Sale
$1,257,143 USD
Auto Repair - FOR SALE
1/5
null | 5.25% Cap Rate

2150 Highway 46
Wasco, CA 93280


HIGHLIGHTS

  • High-Quality Auto Service Property – 100% leased to American Tire Depot
  • Long Term Absolute NNN Lease – American Tire Depot operates under a 15-year NNN lease (expiring November 2036)
  • Future Development Opportunity – With a generous 1.65-acre footprint

OVERVIEW

* 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

FOR SALE DETAILS

PRICE

$1,257,143 USD

PRICE/SF

$190 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

American Tire Depot

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

CR -

APN/PARCEL ID

487-290-02-00-0

ASK ABOUT THIS PROPERTY

John ReadCBREMore Info
949-725-8606

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John ReadCBREMore Info
949-725-8606

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.