Auto Parts

Maaco

7474 Industrial Rd, Florence, KY 41042

Listing Price: $2,447,379

Cap Rate
6.00%
Tenant Name
Maaco
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
9,945
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.77

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Maaco located at 7474 Industrial Road in Florence, Kentucky. The site consists of roughly 9,945 rentable square feet of building space on estimated 1.44-acre parcel of land. This Maaco is subject to a 20-year absolute triple-net (NNN) lease, which commenced September 11, 2020. The current annual rent is $146,843 and is scheduled to increase by two percent (2%) annually beginning in year seven. The increases will continue through the base term as well as throughout the three, five-year tenant renewal option periods.

Investment Highlights

  • Long-term Triple-Net Lease with Zero Landlord Responsibility | 20 Years Remaining on the Recently Executed Lease
  • 2.0% Annual Rental Increases Beginning in Year Seven
  • Growing Franchisee | Tenant is Stonewall Road Automotive Group, LLC | Thirteen-Unit Maaco Franchisee

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

  • Daniel Price

    Licensed Real Estate Salesperson

    Email Daniel

    License(s): NY: 10401300635

    Manhattan

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KY: 242197

    Kentucky

Listing Price: $2,447,379

Cap Rate
6.00%
Tenant Name
Maaco
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
9,945
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.77

Investment Highlights

  • Long-term Triple-Net Lease with Zero Landlord Responsibility | 20 Years Remaining on the Recently Executed Lease
  • 2.0% Annual Rental Increases Beginning in Year Seven
  • Growing Franchisee | Tenant is Stonewall Road Automotive Group, LLC | Thirteen-Unit Maaco Franchisee

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Maaco located at 7474 Industrial Road in Florence, Kentucky. The site consists of roughly 9,945 rentable square feet of building space on estimated 1.44-acre parcel of land. This Maaco is subject to a 20-year absolute triple-net (NNN) lease, which commenced September 11, 2020. The current annual rent is $146,843 and is scheduled to increase by two percent (2%) annually beginning in year seven. The increases will continue through the base term as well as throughout the three, five-year tenant renewal option periods.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

  • Daniel Price

    Licensed Real Estate Salesperson

    Email Daniel

    License(s): NY: 10401300635

    Manhattan

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KY: 242197

    Kentucky

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