STREAM Capital Partners > Properties > Industrial > Automotive Services Sale Leaseback

Automotive Services Sale Leaseback

Sale Leaseback

Cap Rate:
9.00%
Current Rent:
$138,894
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-Year
Building Sq. Ft.:
9,921 SF
Rent Increases:
2.00% Annual
Site Size:
.68 Acres

Investment Highlights

  • Long term absolute triple net lease with annual escalations
  • Strong tenant financial profile with a 65% adjusted EBITDA margin
  • Healthy EBITDAR/rent coverage ratio at ~4.0x
  • Mission critical property located in the desirable Bristol County market
  • This asset qualifies for bonus depreciation
  • Significant growth potential for the car wash industry with a 5.7% CAGR projected through 2030 (~$24B TAM)
Cap Rate:
9.00%
Current Rent:
$138,894
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-Year
Building Sq. Ft.:
9,921 SF
Rent Increases:
2.00% Annual
Site Size:
.68 Acres

Listing Agents

Broker of Record: Brian Brockman, Bang Realty, Inc | MA License: #1000169

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