Sun Auto Tire & Service

16616 House & Hahl Road, Cypress, TX 77433

$2,573,000

Cap Rate 6.00%

DOM: 328 Updated: 10.30.24 Posted: 06.14.24 Status: Active

Summary

Price $2,573,000	Built/Renov 2015	Tenant Sun Auto Tire & Service
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 6,840	Lease Start 02-29-2020	#Units 465
Price/SF $376.17	Expiration 02-28-2040	Tenant Type Automotive
NOI $154,348	R. Term 14.9	Ownership Fee Simple
Rent/SF $22.57	Increases 1.8%/1/yrs	Pop 5Mi 197,323
Lot/AC 0.68	Options 4/5yrs/10%	AHHI 5Mi $137,500

Lease Highlights

Sun Auto Tire & Service has 15+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 1.75% annual rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Sun Auto Tire & Service is strategically located on House & Hahl Road, surrounded by well-known national tenants, including PetSmart, Office Depot, Five Below, HomeGoods, Best Buy, and more. The property is in close proximity to Towne Lake Master Planned Community, which consists of over 3,000 homes. The 5-mile trade area is supported by a population of 197,323 residents with an affluent...

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Key Features

Build to suit
Near major nationals
Freeway close
Top 100 MSA
Strong demographics
Income tax free state
Long 15+ yr lease
Accelerated depreciation
Annual rent increases
Corporate Guarantee

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Links

Sun Auto Tire & Service Wikipedia Cypress, Texas Zip Code 77433 Broker Site Page

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Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Sun Auto Tire & Service
Guarantor:Corporate
Company:Leonard Green & Partners
# Units:465
Stock:Private

About Tenant

Sun Auto Tire & Service (formerly GB Auto Service, Inc.) is a leading aftermarket automotive repair, maintenance, and tire services provider. The private company was founded in 2017 and was...

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Listing Broker

Jeff Lefko

Hanley Investment Group

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151 Listings
26684 Views
78 Sold

Bill Asher

Hanley Investment Group

Contact

151 Listings
27409 Views
75 Sold

Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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