Auto Service - Gas-Conv
Martin Tire
9425 Montana Ave, El Paso, TX 79925
Listing Price: $3,077,000
Cap Rate
6.50%
Tenant Name
Martin Tire
Years Remaining On Lease
13.0
Gross SF
6,702
Guarantor
Corporate Guarantee
Rentable SF
6,702
Price/Gross SF
$459.12
Lease Type
Absolute Net
Rent Per Square Feet
$29.84
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Martin Tire in El Paso, TX.
Martin Tire
Investment Highlights
- 12.75+ Years Remaining on an Absolutely Triple-Net (NNN) Lease with Zero Landlord Responsibilities. The Lease Features 1.75% Annual Increases and 4 x5-Year Renewal Options.
- Corporate Guaranty from Sun Auto & Tire - 425+ Locations - Sun Auto & Tire's Majority Owner is Leonard Green & Partners, a Los Angeles Private Equity Company.
- Direct Frontage to Primary El Paso MSA (Borderplex) Thoroughfare, Montana Ave which sees over 45,500 VPD. Montana Ave (US 62) Connects El Paso to Western Texas and Interstate 10.
- Adjacent to El Paso International Airport - 7th Busiest in the State of Texas which saw a Record 3.67 Million Passengers During 2022.
Exclusively Listed By
Broker of Record
Listing Price: $3,077,000
Cap Rate
6.50%
Tenant Name
Martin Tire
Years Remaining On Lease
13.0
Gross SF
6,702
Guarantor
Corporate Guarantee
Rentable SF
6,702
Price/Gross SF
$459.12
Lease Type
Absolute Net
Rent Per Square Feet
$29.84
Investment Highlights
- 12.75+ Years Remaining on an Absolutely Triple-Net (NNN) Lease with Zero Landlord Responsibilities. The Lease Features 1.75% Annual Increases and 4 x5-Year Renewal Options.
- Corporate Guaranty from Sun Auto & Tire - 425+ Locations - Sun Auto & Tire's Majority Owner is Leonard Green & Partners, a Los Angeles Private Equity Company.
- Direct Frontage to Primary El Paso MSA (Borderplex) Thoroughfare, Montana Ave which sees over 45,500 VPD. Montana Ave (US 62) Connects El Paso to Western Texas and Interstate 10.
- Adjacent to El Paso International Airport - 7th Busiest in the State of Texas which saw a Record 3.67 Million Passengers During 2022.
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Martin Tire in El Paso, TX.
Exclusively Listed By
Broker of Record
