PROPERTY DETAILS
- Brand new lease with Service King, ± 8 years on current lease
- Above market 2% annual increases, great hedge against in?ation
- Low price point for collision center only $2,996,352
- Low Rent/SF – Service King is currently only paying about $5/foot/year, about 45% below market for comparable spaces and substantially below rent in the area
LOCATION
- Strategically located on the busy corner of Lincoln Hwy (US 50) and Sunrise Blvd (E2)
- Close proximity to airport, versatile industrial usage and hospitality usage
- On the same street as Marriott, Holiday Inn, DoubleTree Suites and Crossland hotel • High Income Market – Average Incomes Above $85,000
TENANT
- Service King is one of the largest Collision Repair companies in the United States with over 340 Locations in 24 Different States
- Signi?cant Private Equity Funding – Blackstone Group LP and Carlyle LP backed, with Blackstone Group LP with controlling shares
- Service King is estimated to have over $1 Billion in annual revenue and employs more than 6,000 people
- Service King is capitalizing on the consolidation of the rapidly growing Collision Industry, a $33+ billion industry in US and Canada
- Great Hedge Against Ecommerce
