515 N 11th Ave - Auto Repair FOR SALE


Hanford, CA 93230
$1,942,857 USD
949-725-8606
515 N 11th Ave, Hanford, CA for Sale
$1,942,857 USD
Auto Repair - FOR SALE
1/5
null | 5.25% Cap Rate

515 N 11th Ave
Hanford, CA 93230


HIGHLIGHTS

  • High-Quality Auto Service Property – 100% leased to Big Brand Tire & Service
  • Long Term Absolute NNN Lease – Big Brand Tire & Service operates under a 15-year Absolute NNN lease (expiring November 2036)
  • Improving Returns – Due to embedded increases, the NOI is projected to increase more than $21,000 (21%) over the anticipated hold period

OVERVIEW

* High-Quality Auto Service Property – 100% leased to Big Brand Tire & Service, which operates over 250 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. Big Brand Tire & Service is an exceptional long-term tenant—stable, proven and backed by an extremely strong and solid corporate guarantee * Long Term Absolute NNN Lease – Big Brand Tire & Service operates under a 15-year Absolute NNN lease (expiring November 2036), providing an excellent low management, low hassle opportunity for passive investors * Improving Returns – Due to embedded increases, the Net Operating Income is projected to increase more than $21,000 (21%) over the anticipated hold period, providing a strong inflationary hedge compared to many “flat” STNL investments * Dynamic Retail Hub – The property is located directly across the street from Hanford Towne Center, a high-performing shopping center anchored by Smart & Final and Staples. Other national retailers in the immediate area include CVS, AutoZone, 7-Eleven, Starbucks, Carl’s Jr, and more * Corporate Guaranteed Lease – The Big Brand Tire & Service lease is guaranteed by Majco LLC, the parent company of Big Brand Tire & Service, providing tremendous security

FOR SALE DETAILS

PRICE

$1,942,857 USD

PRICE/SF

$330 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Big Brand Tire & Service

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,720 SF

ZONING

MXC

APN/PARCEL ID

010-510-006-000

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 Notice.