SINGLE-TENANT NET LEASE OPPORTUNITY
* Established Tenancy | Carvana (NYSE: CVNA), founded in 2012, is an industry pioneer for buying and selling used vehicles online. As the fastest growing used automotive retailer in U.S. history, its proven, customer-first Ecommerce model has positively impacted millions of people’s lives through convenient, accessible and transparent experiences.
* In-place NNN lease offers ease of ownership and attractive passive income | Potential redevelopment site. Existing C-2 zoning provides opportunity for future redevelopment | Plug & Play automotive dealership on corner-lot location with excess land and exceptional visibility.
* Contracted rent is approximately ±21% below market, providing significant future value-add opportunity at rollover in approximately 1.6 years.
* Proximity to Numerous major auto dealerships. Other dealerships include Nissan, Toyota, Audi, Mercedes, BMW, and others.
* Located at the NEC of Decatur Boulevard and O’Bannon Drive, with ±53,000 cars per day on average. Surrounding area is densely populated and near many retail services.