Stable, income-producing asset with future upside – Anchored by a long-term lease with a nationally recognized franchise, and additional value potential through re-leasing of Tenant #2 at market rents.
Tint World recently executed a new 10-year lease at market rates. Guaranteed by a 15-year franchisee and a nationally recognized brand, offering the Buyer a secure, long-term income stream.
Tenant #2 occupies 21% of the rentable square footage and is currently paying below-market rent. The lease expires in September 2026, providing near-term opportunity to capture increased cash flow through lease-up at market rates.
INVESTMENT OVERVIEW
Rentable SF: 4,075 SF
Number of Tenants: Two
Occupancy: 100%
Net Operating Income (NOI): $84,244
Cap Rate: 7.66%
Tenant 1: Tint World
Lease Details:
Rentable SF: 3,200 SF
Lease Term: 10-Years
Renewal Option: One (1) 5-Year Option
Annual Escalations: 3%
Lease Type: NNN
Guarantee: Personal Guarantee by 15-Year Franchisee
Tenant 2: B & C Vending
Overview:
B & C Vending is a vending services provider based in South Central Kentucky, operating primarily out of Scottsville and Bowling Green.
Lease Details:
Rentable SF: 875 SF
Lease Expiration: 09/2026
Annual Escalations: 3%
Lease Type: Modified Gross (MG)
NOI: $12,000