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OFFERING PRICE:
$2,060,000
NOI (YEAR 1):
$123,625
CAP RATE (YEAR 1):
6.00%
TOTAL BUILDING AREA:
±5,464 SF
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INVESTMENT HIGHLIGHTS
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Long-Term Lease – BRAKEmax is on a long-term 20-year lease (16 years remaining) with three 5-year options to extend, virtually eliminating any near-term leasing responsibility and associated capital costs
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Regional Credit SNTL – 100% leased to local operator, BRAKEmax, on a long-term corporate lease
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BRAKEmax – Is a regional operator, owned by New York private equity group, Greenbriar Equity. With 16 locations across greater Tucson offering “…more than just brakes…complete car care!” to residents and businesses throughout southern Arizona since 1997. Despite its name, BRAKEmax offers Uber inspections, windshield repair and replacement, oil change service, car battery service & replacement, transmission fluid flush, brakes, wheel alignment, tire balancing, new tire replacement and many more automotive services!
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Absolute NNN Expense Pass Through – BRAKEmax is on an NNN lease—common area and capital costs reside with the tenant, not the landlord
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Population Expansion – In 2010 just under 34,000 people lived in Marana and today there are over 49,300 people, an unprecedented 45% increase in 10 years!
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More than 42,350 people in a 3-mile radius, with an Average Household Income exceeding $95,700 |
CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM
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FOR MORE
INFORMATION
PLEASE CONTACT:
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THIS IS A MARKETING COMMUNICATION
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE.
All of CBRE's COVID-19 related materials have been developed with information from the World Health Organization, the Centers for Disease Control & Prevention (and similar global organizations), public health experts, industrial hygienists, and global subject matter experts across CBRE and our strategic suppliers. Our materials may not be suitable for application to all facilities or situations.
Ultimately, occupiers and landlords must make and implement their own reopening decisions for their individual stakeholders and facilities. CBRE's guidance is intended to help facilitate those discussions and expedite the implementation of those decisions once made by the client. We make no representations or warranties regarding the accuracy or completeness of these materials. CBRE cannot ensure safety and disclaims all liability arising from use of these materials.
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