Auto Parts
Maaco
147 E Waterloo Rd, Akron, OH 44319
Listing Price: $2,880,209
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Maaco located at 147 E Waterloo Road in Akron, Ohio. The site consists of roughly 15,422 rentable square feet of building space on estimated 1.85-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 $165,612 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 one, five-year tenant renewal option period.
Listing Price: $2,880,209
Investment Highlights
- Long-term Triple-Net Lease with Zero Landlord Responsibility | 19+ 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 | Twenty-Unit Maaco Franchisee
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Maaco located at 147 E Waterloo Road in Akron, Ohio. The site consists of roughly 15,422 rentable square feet of building space on estimated 1.85-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 $165,612 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 one, five-year tenant renewal option period.
