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Miscellaneous

Louetta Automotive

9625 Spring Cypress Rd, Spring, TX 77379

Listing Price: $2,959,130

Cap Rate
5.75%
Tenant Name
GB Auto Service, Inc.
Gross SF
6,806
Guarantor
Corporate Guarantee
Rentable SF
6,806
Price/Gross SF
$434.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.00

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Louetta Automotive located at 9625 Spring Cypress Road, Spring, Texas 77379. The property consists of 6,806 square feet of building space and is situated on roughly 0.97 acres of land. The Tenant will enter into a brand new, 15-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the close of escrow. The lease will call for 1.75% annual rental increases that will continue through the base term and into the four, five-year tenant renewal options. The Tenant on the lease, GB Auto Service, Inc., is a leading provider of automotive aftermarket repair service with approximately 170+ locations across the U.S.

Investment Highlights

  • 15-Year Triple-Net (NNN) Sale-Leaseback
  • Corporate Tenant
  • Attractive Rental Increases:

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

Miscellaneous

Louetta Automotive

Listing Price: $2,959,130

Cap Rate
5.75%
Tenant Name
GB Auto Service, Inc.
Gross SF
6,806
Guarantor
Corporate Guarantee
Rentable SF
6,806
Price/Gross SF
$434.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.00

Investment Highlights

  • 15-Year Triple-Net (NNN) Sale-Leaseback
  • Corporate Tenant
  • Attractive Rental Increases:

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Louetta Automotive located at 9625 Spring Cypress Road, Spring, Texas 77379. The property consists of 6,806 square feet of building space and is situated on roughly 0.97 acres of land. The Tenant will enter into a brand new, 15-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the close of escrow. The lease will call for 1.75% annual rental increases that will continue through the base term and into the four, five-year tenant renewal options. The Tenant on the lease, GB Auto Service, Inc., is a leading provider of automotive aftermarket repair service with approximately 170+ locations across the U.S.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

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