Auto Parts
Auto Plus | Corporate Guaranteed | Texas
1613 Cumberland St, Vernon, TX 76384
Listing Price: $500,000
Cap Rate
8.98%
Tenant Name
Auto Plus Auto Parts
Years Remaining On Lease
4.6
Guarantor
Corporate Guarantee
Rentable SF
16,890
Lease Type
Double Net
Rent Per Square Feet
$2.66
Investment Overview
This passive investment opportunity offers minimal landlord obligations and a Corporate Guarantee from ICAHN Automotive, the parent company of Pep Boys, Precision Tune Auto Care, AAMCO Total Auto Care, and Just Brakes.
Auto Plus | Corporate Guaranteed | Texas
Investment Highlights
- Passive Single Tenant Net Lease Investment with Minimal Landlord Responsibilities
- Small Price Point and Attractive High Cap Rate
- Value Add Opportunity - Flex space on second floor can be renovated into apt or office for extra income
- Corporate Guarantee from ICAHN Automotive, parent company of Pep Boys, Precision Tune Auto Care, AAMCO Total Auto Care, Just Brakes
- Texas is an Income Tax Free State
- Long 15 Year Operating History at the Site, Tenant has recently executed their 3rd lease extension showing commitment
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $500,000
Cap Rate
8.98%
Tenant Name
Auto Plus Auto Parts
Years Remaining On Lease
4.6
Guarantor
Corporate Guarantee
Rentable SF
16,890
Lease Type
Double Net
Rent Per Square Feet
$2.66
Investment Highlights
- Passive Single Tenant Net Lease Investment with Minimal Landlord Responsibilities
- Small Price Point and Attractive High Cap Rate
- Value Add Opportunity - Flex space on second floor can be renovated into apt or office for extra income
- Corporate Guarantee from ICAHN Automotive, parent company of Pep Boys, Precision Tune Auto Care, AAMCO Total Auto Care, Just Brakes
- Texas is an Income Tax Free State
- Long 15 Year Operating History at the Site, Tenant has recently executed their 3rd lease extension showing commitment
Investment Overview
This passive investment opportunity offers minimal landlord obligations and a Corporate Guarantee from ICAHN Automotive, the parent company of Pep Boys, Precision Tune Auto Care, AAMCO Total Auto Care, and Just Brakes.
Exclusively Listed By
Broker of Record
Financing By
