1233 S Main St - Auto Repair FOR SALE


London, KY 40741
$422,000 USD
248-419-3840
1233 S Main St, London, KY for Sale
$422,000 USD
Auto Repair - FOR SALE
1/13
null | 7% Cap Rate

1233 S Main St
London, KY 40741


HIGHLIGHTS

  • 30+ Year Operating History
  • Rare Absolute NNN Safelite Lease
  • In Their 5th Amendment
  • Three Drive-In Bays
  • Established AutoGlass Shop Since 1983
  • Close Proximity to I-75

OVERVIEW

Fortis Net lease is pleased to present this free-standing retail building, leased to national tenant Safelite AutoGlass. Safelite is the only national auto glass repair and replacement service. Safelite is available to more than 96% of all U.S. drivers and all 50 states. Safelite has occupied this location since 1992. Taking over the original lease signed by Auto Glass & Upholstery Co. Safelite is in their third year of their One (5) year option. The subject lease dated back to 1983 is a rare Absolute NNN, leaving no landlord responsibilities. Safelite has five amended leases showing their commitment to this location. This is an ideal opportunity for an investor to purchase a passive income real estate asset with no landlord responsibilities.

FOR SALE DETAILS

PRICE

$422,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Safelite AutoGlass

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C

APN/PARCEL ID

063-10-00-029.00

ASK ABOUT THIS PROPERTY

Peyton GascheFortis Net LeaseMore Info
248-419-3840

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Peyton GascheFortis Net LeaseMore Info
248-419-3840

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.