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Views: 81 DOM: 96 Updated: 09.12.24 Posted: 08.29.24 Status: Active

Summary

Price $2,471,000
Built/Renov 2010
Tenant Byrider
Cap Rate 6.80%
Lease Type NN+
Guarantor Franchisee
Size/SF 7,344
Lease Start 07-01-2021
#Units 1
Price/SF $336.47
Expiration 06-30-2031
Tenant Type Automotive
NOI $168,000
R. Term 6.7
Ownership Fee Simple
Rent/SF $22.88
Increases 0.0%/0/yrs
Pop 5Mi 127,480
Lot/AC 1.15
Options 2/5yrs
AHHI 5Mi $83,824

Lease Highlights

  • Byrider has 6+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features variable rental increases in year 8 of the intial term and at the beginning of each option period 
  • Favorable NN+ lease with landlord responsible for structure/foundation
  • Lease guaranteed by COMO Auto Sales, Inc.

Location Description

Byrider is strategically located at the hard corner intersection of Business Loop 70 W and Jackson Street, a major retail thoroughfare with access to a combined daily traffic count of 18,200 vehicles. Additionally, it is positioned right off of US Highway 40, which averages over 35,700 vehicles passing by daily. The property is directly across from a shopping center featuring tenants such as...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Byrider
  • Guarantor:Franchisee
  • Company:COMO Auto Sales, Inc.
  • # Units:1
  • Stock:Private

About Tenant

Byrider is a leading US used car and finance franchise. It is the only small business franchise opportunity in America that also allows franchisees to operate as a bank or lender, to sell their...


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Listing Broker

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