Property details

1031 Real Estate Exchange, Southeast Region

Property Description

1031 Real Estate Exchange property for sale and ideal for many 1031 real estate exchange replacement properties.

•  8 Bay, 5,100 sq ft building

•  0.78 acre site with extensive landscaping and irrigation

•  20 year Corporate Guaranteed Net Lease with (2) five year options

•  Construction to start April 2007 (lease dates shown are estimates)

•  Approx. 9% Rent Bumps Every 5 Years



This is a very attractive new building design for Tuffy and is used in upscale areas. The building will be approximately 5,100 sq ft and have 8 service bays.

Each Tuffy offers services which include brakes, mufflers and exhaust, suspension, alignment, air-conditioning, heating and cooling, starting and charging, brake fluid service, power steering systems, transmission fluid exchange, oil change, tire sales and repair and other minor repairs.

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Highlights

Status:
Available
Price:
$1,777,000
PSF:
$348
Cap Rate:
6.50%
Annual Rent:
$115,500
Rent Increases:
Approx. 9% Rent Bumps Every 5 Years
 

Property Information

Building Size:
5,100 sq.ft.
Property Type:
Net Lease
Industry Type:
Auto Parts - Repair
Units/Spaces:
1
Year Built:
2007
Land Area:
0.78 acres
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Tuffy
Lease Type:
NNN
Lease Commencement:
6/1/2008
Lease Expiration:
6/1/2028
Lease Term:
20 years
Years Remaining:
20 years
Landlord Responsibilities:
None - NNN 1031 Real Estate Exchange Property
Options:
Two (2) Five Yr Options
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.