No Tenant Specified

Maaco

6601 Old Cheney Hwy, Orlando, FL 32807

Listing Price: $1,877,778

Cap Rate
6.75%
Tenant Name
Net Leased Automotive
Years Remaining On Lease
16.5
Gross SF
6,820
Guarantor
Corporate Guarantee
Rentable SF
6,820
Price/Gross SF
$275.33
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.59

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Maaco Collision Repair and Auto Paining located at 6602 Old Cheney Highway in Orlando, FL. The site consists of roughly 6,820 rentable square feet of building space on estimated .55-acre parcel of land. This Maaco is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 21st, 2017. The current annual rent is $126,750 and is scheduled to increase by 1.40% annually throughout the base term and in the one (1), five (5)-year renewal options.

Investment Highlights

  • 20-Year Absolute Triple Net (NNN) Lease; Passive Investment Offering a Long-Term Security of Cash Flow
  • Growing Franchisee that Could Lead to a Credit Increase in the Future
  • 17 Years Remaining on the Original Lease

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

Listing Price: $1,877,778

Cap Rate
6.75%
Tenant Name
Net Leased Automotive
Years Remaining On Lease
16.5
Gross SF
6,820
Guarantor
Corporate Guarantee
Rentable SF
6,820
Price/Gross SF
$275.33
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.59

Investment Highlights

  • 20-Year Absolute Triple Net (NNN) Lease; Passive Investment Offering a Long-Term Security of Cash Flow
  • Growing Franchisee that Could Lead to a Credit Increase in the Future
  • 17 Years Remaining on the Original Lease

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Maaco Collision Repair and Auto Paining located at 6602 Old Cheney Highway in Orlando, FL. The site consists of roughly 6,820 rentable square feet of building space on estimated .55-acre parcel of land. This Maaco is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 21st, 2017. The current annual rent is $126,750 and is scheduled to increase by 1.40% annually throughout the base term and in the one (1), five (5)-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

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