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Auto Service - Gas-Conv

Tire Choice- Waterloo, IL

215 Greiner Dr, Waterloo, IL 62298

Listing Price: $1,129,000

Cap Rate
9.00%
Tenant Name
Tire Choice
Years Remaining On Lease
1.3
Guarantor
Corporate Guarantee
Rentable SF
8,687
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.69

Investment Overview

Publicly Traded Guarantor | Monro, Inc. (NASDAQ: MNRO)
- One of the Largest Tire Dealers in North America

Upside Opportunity Through Lease Renegotiation
- Tenant has No Options to Renew

Historical Occupancy
- Over 6 Decades of Combined Business Operations

Monro Acquired the Former Operator in 2009
- Second Generation Business Acquisition

Robust Demographics
- St. Louis MSA | 2.8 Million Residents

Surrounded by National Tenants
- Fresh Thyme Market, Tesla, Schnucks, Outback, Walmart & Others

Minimal Landlord Responsibilities | NN Lease
- The Roof at the Concord, MO location has been Recently Replaced

Investment Highlights

  • Publicly Traded Guarantor | Monro, Inc. (NASDAQ: MNRO) - One of the Largest Tire Dealers in North America
  • Upside Opportunity Through Lease Renegotiation - Tenant has No Options to Renew
  • Historical Occupancy - Over 6 Decades of Combined Business Operations
  • Monro Acquired the Former Operator in 2009 - Second Generation Business Acquisition
  • Robust Demographics - St. Louis MSA | 2.8 Million Residents
  • Surrounded by National Tenants - Fresh Thyme Market, Tesla, Schnucks, Outback, Walmart & Others
  • Minimal Landlord Responsibilities | NN Lease - The Roof at the Concord, MO location has been Recently Replaced

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Auto Service - Gas-Conv

Tire Choice- Waterloo, IL

Listing Price: $1,129,000

Cap Rate
9.00%
Tenant Name
Tire Choice
Years Remaining On Lease
1.3
Guarantor
Corporate Guarantee
Rentable SF
8,687
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.69

Investment Highlights

  • Publicly Traded Guarantor | Monro, Inc. (NASDAQ: MNRO) - One of the Largest Tire Dealers in North America
  • Upside Opportunity Through Lease Renegotiation - Tenant has No Options to Renew
  • Historical Occupancy - Over 6 Decades of Combined Business Operations
  • Monro Acquired the Former Operator in 2009 - Second Generation Business Acquisition
  • Robust Demographics - St. Louis MSA | 2.8 Million Residents
  • Surrounded by National Tenants - Fresh Thyme Market, Tesla, Schnucks, Outback, Walmart & Others
  • Minimal Landlord Responsibilities | NN Lease - The Roof at the Concord, MO location has been Recently Replaced

Investment Overview

Publicly Traded Guarantor | Monro, Inc. (NASDAQ: MNRO) - One of the Largest Tire Dealers in North America Upside Opportunity Through Lease Renegotiation - Tenant has No Options to Renew Historical Occupancy - Over 6 Decades of Combined Business Operations Monro Acquired the Former Operator in 2009 - Second Generation Business Acquisition Robust Demographics - St. Louis MSA | 2.8 Million Residents Surrounded by National Tenants - Fresh Thyme Market, Tesla, Schnucks, Outback, Walmart & Others Minimal Landlord Responsibilities | NN Lease - The Roof at the Concord, MO location has been Recently Replaced

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

MM Texture Background
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