Auto Parts
Sun Auto Service
501 W Slaughter Ln, Austin, TX 78748
Listing Price: $3,858,928
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
Broker of Record
Financing By
Listing Price: $3,858,928
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
Broker of Record
Financing By
