Automotive Services Sale Leaseback

Affluent Northern NJ Submarket
Deal Type:
Sale Leaseback
Price:
$2,675,000
Cap Rate:
9.50%
Current Rent:
$254,000
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-Year
Building Sq. Ft.:
5,000 SF
Rent Increases:
2.0% Annual
Site Size:
0.25 Acres
  • auto spa sale leaseback stream capital partners
  • auto spa sale leaseback stream capital partners

Investment Highlights

  • Absolute NNN Lease: Long term (15-year) absolute triple net lease with 2.0% annual escalations
  • Affluent Northern NJ Submarket: Property located in strong Pompton Lakes market where median household income is $113,781, growing annually at 12.8%
  • Mission Critical Property: Property is responsible for 100% of company’s high margin revenue generated
  • Diversified Customer Base & Revenue Streams: Plenty of daily customers that purchase across 6 different service offerings
  • Bonus Depreciation: This asset qualifies for bonus depreciation which allows 60% of the improvements to be expensed in the first year of ownership

Listing Agents

Krupa Shah

Managing Director
646 734 4188
[email protected]

Daniel Macks

Managing Director
847 420 2116
[email protected]

Broker of Record: New Jersey – Mike Antonoplos, Lic. #8132327

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