Property Description
We are pleased to offer to investors a single tenant NNN drive thru building positioned on a shopping center outparcel that is 100% leased and guaranteed by Title Max - one of the nation's largest and most reputable title lending companies. The subject property has approximately 8.5 years remaining they have been in the location since 2003 . They have rent increases every 2 years. The in-place annual rent of approximately $44,634 2, which is substantially below market rents and offers an investor additional downside risk mitigation. The lease is corporate guaranteed by TMX Finance LLC, which owns a network of 1,035 stores, including 831 Title Max stores, 151 Title Bucks stores, 77 Equity Auto Loan stores, and 53 InstaLoan stores in over 12 states and is currently rated B3 by Moody's Rating Agency. Title Max offers a title loan product which allows customers to meet their liquidity needs by borrowing agains the value of their vehicles while retaining use of their vehicle. This opportunity offers an investor a corporate guaranteed, single tenant absolute NNN investment that is price below replacement cost and situated along Main St
Highlights
Strong Corporate Lease by TMX Finance- Moody' s Rated B3 - Over 1000 Locations Nationally
Below Market Rent - Below Replacement Cost - Low Downside Risk
Rare Opportunity to Purchase National Tenant at Low Price Point
Single Tenant NNN Lease - Freestanding Building with Drive Thru- Plenty of Parking
Zero Landlord Responsibilities
National Lending Leader - Strong AZ Presence and Market Share