3137 Main St
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3137 Main St
1,265 SF Retail Building East Point, GA 30344 $940,560 CAD ($744 CAD/SF) 6.86% Cap Rate
Investment Highlights
- 8 years left
- NNN
Executive Summary
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
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
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,265 SF
Building Class
C
Year Built/Renovated
1980/2022
Price
$940,560 CAD
Price Per SF
$744 CAD
Cap Rate
6.86%
NOI
$64,522 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.16 AC
Zoning
C2
Parking
11 Spaces (8.7 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signalized Intersection
Walk Score ®
Very Walkable (72)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 14-0158-0007-014-5 | Improvements Assessment | $199,994 CAD |
| Land Assessment | $54,937 CAD | Total Assessment | $254,931 CAD |
PROPERTY TAXES
Parcel Number
14-0158-0007-014-5
Land Assessment
$54,937 CAD
Improvements Assessment
$199,994 CAD
Total Assessment
$254,931 CAD
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3137 Main St
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