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Auto Parts

Maaco

147 E Waterloo Rd, Akron, OH 44319

Listing Price: $2,880,209

Cap Rate
5.75%
Tenant Name
Stonewall Road Automotive Group, LLC
Years Remaining On Lease
19.1
Guarantor
Franchisee Guarantee
Rentable SF
15,422
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.74

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.

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

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Listing Price: $2,880,209

Cap Rate
5.75%
Tenant Name
Stonewall Road Automotive Group, LLC
Years Remaining On Lease
19.1
Guarantor
Franchisee Guarantee
Rentable SF
15,422
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.74

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.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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