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Auto Parts

Maaco

827 W Pembroke Ave, Hampton, VA 23669

Listing Price: $2,688,191

Cap Rate
5.75%
Tenant Name
Stonewall Road Automotive Group, LLC
Years Remaining On Lease
19.1
Guarantor
Franchisee Guarantee
Rentable SF
14,936
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.35

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Maaco located at 827 W Pembroke Ave in Hampton, VA. The site consists of roughly 14,936 rentable square feet of building space on estimated 1.02-acre parcel of land. This Maaco is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 16, 2021. The current annual rent is $154,571 and is scheduled to increase by two percent annually beginning in year seven. The increases will continue through the base term as well as throughout the one, five-year tenant renewal option period.

Investment Highlights

  • Long-term Triple-Net Lease with Zero Landlord Responsibility | 19+ Years Remaining on the Recently Executed Lease
  • A 2.0% Annual Rental Increases Beginning in Year Seven
  • Growing Franchisee | Tenant is Stonewall Road Automotive Group, LLC | Twenty-Unit Maaco Franchisee

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Listing Price: $2,688,191

Cap Rate
5.75%
Tenant Name
Stonewall Road Automotive Group, LLC
Years Remaining On Lease
19.1
Guarantor
Franchisee Guarantee
Rentable SF
14,936
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.35

Investment Highlights

  • Long-term Triple-Net Lease with Zero Landlord Responsibility | 19+ Years Remaining on the Recently Executed Lease
  • A 2.0% Annual Rental Increases Beginning in Year Seven
  • Growing Franchisee | Tenant is Stonewall Road Automotive Group, LLC | Twenty-Unit Maaco Franchisee

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Maaco located at 827 W Pembroke Ave in Hampton, VA. The site consists of roughly 14,936 rentable square feet of building space on estimated 1.02-acre parcel of land. This Maaco is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 16, 2021. The current annual rent is $154,571 and is scheduled to increase by two percent annually beginning in year seven. The increases will continue through the base term as well as throughout the one, five-year tenant renewal option period.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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