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Auto Parts

FleetPride/TruckPro - Absolute Net Lease

3762 US-82, Leland, MS 38756

Listing Price: $1,199,000

Cap Rate
7.36%
Tenant Name
FleetPride/TruckPro
Years Remaining On Lease
6.7
Gross SF
12,500
Guarantor
Corporate Guarantee
Rentable SF
12,500
Price/Gross SF
$95.92
Lease Type
Absolute Net
Rent Per Square Feet
$7.06

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a FleetPride/TruckPro located at 3762 US-82, Leland, MS 38756. The site consists of roughly 12,500 rentable square feet of building space on an estimated 5.62-acre parcel of land. FleetPride is subject to a 6.75-year Absolute Net Lease, which commenced 12/16/2000. The current annual rent is $88,229 and has scheduled annual increases of 1.50%.

Investment Highlights

  • Absolute Net Lease – No landlord responsibilities
  • 1.5% annual rent increases
  • Long term corporate tenant, TruckPro has occupied the property for 25 years
  • TruckPro and FleetPride recently merged to create the Nation's largest independent distributor of truck-trailer parts and services
  • Situated along US-82, 18,000 vehicles per day
  • 12,500 SF building on 5.62 acres
  • The Tenant recently installed a new roof, sign, and awnings (2022)
  • FleetPride operates at approximately 450 locations nationwide, including 110 service centers, and 6 distribution centers

Broker of Record

  • Mickey Davis

    Director Investments

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Auto Parts

FleetPride/TruckPro - Absolute Net Lease

Listing Price: $1,199,000

Cap Rate
7.36%
Tenant Name
FleetPride/TruckPro
Years Remaining On Lease
6.7
Gross SF
12,500
Guarantor
Corporate Guarantee
Rentable SF
12,500
Price/Gross SF
$95.92
Lease Type
Absolute Net
Rent Per Square Feet
$7.06

Investment Highlights

  • Absolute Net Lease – No landlord responsibilities
  • 1.5% annual rent increases
  • Long term corporate tenant, TruckPro has occupied the property for 25 years
  • TruckPro and FleetPride recently merged to create the Nation's largest independent distributor of truck-trailer parts and services
  • Situated along US-82, 18,000 vehicles per day
  • 12,500 SF building on 5.62 acres
  • The Tenant recently installed a new roof, sign, and awnings (2022)
  • FleetPride operates at approximately 450 locations nationwide, including 110 service centers, and 6 distribution centers

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a FleetPride/TruckPro located at 3762 US-82, Leland, MS 38756. The site consists of roughly 12,500 rentable square feet of building space on an estimated 5.62-acre parcel of land. FleetPride is subject to a 6.75-year Absolute Net Lease, which commenced 12/16/2000. The current annual rent is $88,229 and has scheduled annual increases of 1.50%.

Broker of Record

  • Mickey Davis

    Director Investments

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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