Auto Parts

Maaco

505 N US Hwy 17 92, Longwood, FL 32750

Listing Price: $2,265,136

Cap Rate
6.75%
Tenant Name
AFG MBS, LLC
Years Remaining On Lease
16.90
Gross SF
15,976
Rentable SF
15,976
Price/Gross SF
$141.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.57

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Maaco Collision Repair and Auto Paining located at 505 N Highway 17-92n Longwood, FL. The site consists of roughly 15,976 rentable square feet of building space on estimated 1.96-acre parcel of land. This Maaco is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 21st, 2017. The current annual rent is $152,897 and is scheduled to increase by 1.4 percent annually throughout the base term and in each of the four, five-year renewal options.

Investment Highlights

  • Growing Franchisee that Could Lead to a Credit Increase in the Future
  • A 20-Year Absolute Triple Net (NNN) Lease; Passive Investment Offering a Long-Term
  • Growing Franchisee that Could Lead to a Credit Increase in the Future

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

Listing Price: $2,265,136

Cap Rate
6.75%
Tenant Name
AFG MBS, LLC
Years Remaining On Lease
16.90
Gross SF
15,976
Rentable SF
15,976
Price/Gross SF
$141.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.57

Investment Highlights

  • Growing Franchisee that Could Lead to a Credit Increase in the Future
  • A 20-Year Absolute Triple Net (NNN) Lease; Passive Investment Offering a Long-Term
  • Growing Franchisee that Could Lead to a Credit Increase in the Future

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Maaco Collision Repair and Auto Paining located at 505 N Highway 17-92n Longwood, FL. The site consists of roughly 15,976 rentable square feet of building space on estimated 1.96-acre parcel of land. This Maaco is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 21st, 2017. The current annual rent is $152,897 and is scheduled to increase by 1.4 percent annually throughout the base term and in each of the four, five-year renewal options.

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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