OFFERING SUMMARY
Price: $1,411,000
CAP Rate: 7.18%
Lease Type: Absolute NNN
Guarantor: Franchisee
Gross Leasable Area: 10,750 SF
Year Built: 1982
OFFERING HIGHLIGHTS
- Absolute Triple Net Lease Runs Through 2027
- Attractive Increases in Option
- Guaranteed by Highly Successful Franchisee with Extensive Experience in the Market
- Located in Rapidly-Growing San Antonio MSA
- Surrounding Residential Areas Provide Built-In Customer Base, with Nearly 150,000 People in Three-Mile Radius
INVESTMENT OVERVIEW
The Diffie Retail Team of Marcus & Millichap is pleased to present this 10,750 square-foot Maaco service center in San Antonio, Texas. The absolute net lease offers investors steady cash flow with zero landlord responsibilities. Attractive options are available at the end of the current term, which runs through 2027. The lease is guaranteed by the franchisee, a successful and well-established Maaco operator with expertise in the local market. The property has a phenomenal built-in customer base, with nearly 150,000 residents in a three-mile radius.
