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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.

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

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Auto Parts

Auto Plus | Corporate Guaranteed | Texas

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

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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