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Auto Parts

Sun Auto Service

501 W Slaughter Ln, Austin, TX 78748

Listing Price: $3,858,928

Cap Rate
4.75%
Tenant Name
GB Auto Service, Inc.
Years Remaining On Lease
17.2
Guarantor
Corporate Guarantee
Rentable SF
9,746
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.81

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Sun Auto located at 501 West Slaughter Lane, Austin, Texas. The property consists of 9,746 square feet of building space and is situated on roughly 1.13 acres of land. This Sun Auto Service is subject to a 20-year absolute triple-net (NNN) lease, which commenced September 27th, 2019. The annual rent is $183,299 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 20-Year lease with More than 17 Years Remaining
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 2.00% Annual Rental Increases

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

Financing By

Auto Parts

Sun Auto Service

Listing Price: $3,858,928

Cap Rate
4.75%
Tenant Name
GB Auto Service, Inc.
Years Remaining On Lease
17.2
Guarantor
Corporate Guarantee
Rentable SF
9,746
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.81

Investment Highlights

  • Long-Term 20-Year lease with More than 17 Years Remaining
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 2.00% Annual Rental Increases

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Sun Auto located at 501 West Slaughter Lane, Austin, Texas. The property consists of 9,746 square feet of building space and is situated on roughly 1.13 acres of land. This Sun Auto Service is subject to a 20-year absolute triple-net (NNN) lease, which commenced September 27th, 2019. The annual rent is $183,299 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

Financing By

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