Log In/Sign Up
Your email has been sent.
Big Brand Tire & Service 515 N 11th Ave 5,880 SF Retail Building Hanford, CA 93230 $2,687,729 CAD ($457.10 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- High-Quality Auto Service Property – 100% leased to Big Brand Tire & Service
- Improving Returns – Due to embedded increases, the NOI is projected to increase more than $21,000 (21%) over the anticipated hold period
- Corporate Guaranteed Lease
- Long Term Absolute NNN Lease – Big Brand Tire & Service operates under a 15-year Absolute NNN lease (expiring November 2036)
- Dynamic Retail Hub – The property is located across the street from Hanford Towne Center, a high-performing shopping center anchored by Smart & Final
EXECUTIVE SUMMARY
* High-Quality Auto Service Property – 100% leased to Big Brand Tire & Service, which operates over 250 locations nationwide. Big Brand Tire & Service operates under the powerful backing of its parent company, Percheron Capital—an equity firm managing over $850 million of committed capital. Big Brand Tire & Service is an exceptional long-term tenant—stable, proven and backed by an extremely strong and solid corporate guarantee
* Long Term Absolute NNN Lease – Big Brand Tire & Service operates under a 15-year Absolute NNN lease (expiring November 2036), providing an excellent low management, low hassle opportunity for passive investors
* Improving Returns – Due to embedded increases, the Net Operating Income is projected to increase more than $21,000 (21%) over the anticipated hold period, providing a strong inflationary hedge compared to many “flat” STNL investments
* Dynamic Retail Hub – The property is located directly across the street from Hanford Towne Center, a high-performing shopping center anchored by Smart & Final and Staples. Other national retailers in the immediate area include CVS, AutoZone, 7-Eleven, Starbucks, Carl’s Jr, and more
* Corporate Guaranteed Lease – The Big Brand Tire & Service lease is guaranteed by Majco LLC, the parent company of Big Brand Tire & Service, providing tremendous security
* Long Term Absolute NNN Lease – Big Brand Tire & Service operates under a 15-year Absolute NNN lease (expiring November 2036), providing an excellent low management, low hassle opportunity for passive investors
* Improving Returns – Due to embedded increases, the Net Operating Income is projected to increase more than $21,000 (21%) over the anticipated hold period, providing a strong inflationary hedge compared to many “flat” STNL investments
* Dynamic Retail Hub – The property is located directly across the street from Hanford Towne Center, a high-performing shopping center anchored by Smart & Final and Staples. Other national retailers in the immediate area include CVS, AutoZone, 7-Eleven, Starbucks, Carl’s Jr, and more
* Corporate Guaranteed Lease – The Big Brand Tire & Service lease is guaranteed by Majco LLC, the parent company of Big Brand Tire & Service, providing tremendous security
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,880 SF
Building Class
C
Year Built
2000
Price
$2,687,729 CAD
Price Per SF
$457.10 CAD
Cap Rate
5.25%
NOI
$141,106 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.48 AC
Zoning
MXC - Limited Industrial
Parking
16 Spaces (2.72 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 010-510-006-000 | Improvements Assessment | $1,639,472 CAD |
| Land Assessment | $841,972 CAD | Total Assessment | $2,481,444 CAD |
PROPERTY TAXES
Parcel Number
010-510-006-000
Land Assessment
$841,972 CAD
Improvements Assessment
$1,639,472 CAD
Total Assessment
$2,481,444 CAD
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Big Brand Tire & Service | 515 N 11th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.