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Auto Service - Gas-Conv

Christensen Automotive

1860 E William St, Carson City, NV 89701

Listing Price: $4,295,000

Cap Rate
4.75%
Tenant Name
Christensen Automotive
Years Remaining On Lease
19.8
Gross SF
6,348
Guarantor
Corporate Guarantee
Rentable SF
6,348
Price/Gross SF
$676.59
Lease Type
Absolute Net
Rent Per Square Feet
$32.14

Investment Overview

Christensen Automotive has over 24 years of operational history with the first location opening in 1998 in South Lake Tahoe. Today the company operates five locations in Northern Nevada and eight locations in Las Vegas and the surrounding MSA. The company is Veteran Owned and Operated. Every location operates with the highest quality of standard employing only Certified ASE Professionals with at least one Master Level ASE Technician. Christensen Automotive is deeply involved with the local communities in which they operate.

Investment Highlights

  • The subject property operates under a newly-formed 20-year Absolute NNN Lease with no landlord management or maintenance responsibilities whatsoever.
  • The lease offers rare annual rent increases of two-percent rent increases every year during the entire term.
  • Christensen Automotive was originally established in 1998 and has expanded operations now operating 13 locations in both the Reno and Las Vegas MSAs.

Exclusively Listed By

Auto Service - Gas-Conv

Christensen Automotive

Listing Price: $4,295,000

Cap Rate
4.75%
Tenant Name
Christensen Automotive
Years Remaining On Lease
19.8
Gross SF
6,348
Guarantor
Corporate Guarantee
Rentable SF
6,348
Price/Gross SF
$676.59
Lease Type
Absolute Net
Rent Per Square Feet
$32.14

Investment Highlights

  • The subject property operates under a newly-formed 20-year Absolute NNN Lease with no landlord management or maintenance responsibilities whatsoever.
  • The lease offers rare annual rent increases of two-percent rent increases every year during the entire term.
  • Christensen Automotive was originally established in 1998 and has expanded operations now operating 13 locations in both the Reno and Las Vegas MSAs.

Investment Overview

Christensen Automotive has over 24 years of operational history with the first location opening in 1998 in South Lake Tahoe. Today the company operates five locations in Northern Nevada and eight locations in Las Vegas and the surrounding MSA. The company is Veteran Owned and Operated. Every location operates with the highest quality of standard employing only Certified ASE Professionals with at least one Master Level ASE Technician. Christensen Automotive is deeply involved with the local communities in which they operate.

Exclusively Listed By

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