Skip to main content

Auto Service - Gas-Conv

Sun Auto

12380 Barker Cypress Rd, Cypress, TX 77429

Listing Price: $2,533,027

Cap Rate
4.50%
Tenant Name
GB Auto Services, Inc. (350+ Units)
Years Remaining On Lease
18.4
Guarantor
Corporate Guarantee
Rentable SF
3,648
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.25

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Sun Auto located at 12380 Barker Cypress Road, Cypress, Texas 77429. The property consists of 3,652 square feet of building space and is situated on roughly 0.79 acres of land. This Sun Auto Service is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 15th, 2020. The annual rent is $113,986 and is scheduled to increase by 2.00% annually throughout the base term and in each of the 4, 5-year renewal options. The lease will carry a corporate guaranty from Sun Auto & Tire Services, Inc., a leading provider of automotive aftermarket repair service with approximately 350+ locations across the U.S.

Investment Highlights

  • Long-Term Triple-Net (NNN) Lease | More than 18 Years Remaining | Zero Landlord Responsibilities
  • Sun Auto Corporate Guaranty | More than 350 Locations
  • Two Percent (2.00%) Rental Increases Annually

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Auto Service - Gas-Conv

Sun Auto

Listing Price: $2,533,027

Cap Rate
4.50%
Tenant Name
GB Auto Services, Inc. (350+ Units)
Years Remaining On Lease
18.4
Guarantor
Corporate Guarantee
Rentable SF
3,648
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.25

Investment Highlights

  • Long-Term Triple-Net (NNN) Lease | More than 18 Years Remaining | Zero Landlord Responsibilities
  • Sun Auto Corporate Guaranty | More than 350 Locations
  • Two Percent (2.00%) Rental Increases Annually

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Sun Auto located at 12380 Barker Cypress Road, Cypress, Texas 77429. The property consists of 3,652 square feet of building space and is situated on roughly 0.79 acres of land. This Sun Auto Service is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 15th, 2020. The annual rent is $113,986 and is scheduled to increase by 2.00% annually throughout the base term and in each of the 4, 5-year renewal options. The lease will carry a corporate guaranty from Sun Auto & Tire Services, Inc., a leading provider of automotive aftermarket repair service with approximately 350+ locations across the U.S.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

MM Texture Background
MM Textured Background Lower