Safelite AutoGlass | 1233 S Main St
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Safelite AutoGlass 1233 S Main St
2,824 SF Retail Building London, KY 40741 $422,000 ($149/SF) 7% Cap Rate
Investment Highlights
- 30+ Year Operating History
- In Their 5th Amendment
- Established AutoGlass Shop Since 1983
- Rare Absolute NNN Safelite Lease
- Three Drive-In Bays
- Close Proximity to I-75
Executive Summary
Fortis Net lease is pleased to present this free-standing retail building, leased to national tenant Safelite AutoGlass. Safelite is the only national auto glass repair and
replacement service. Safelite is available to more than 96% of all U.S. drivers and all 50 states. Safelite has occupied this location since 1992. Taking over the original lease signed by Auto Glass & Upholstery Co.
Safelite is in their third year of their One (5) year option. The subject lease dated back to 1983 is a rare Absolute NNN, leaving no landlord responsibilities. Safelite has five amended leases showing their commitment to this location.
This is an ideal opportunity for an investor to purchase a passive income real estate asset with no landlord responsibilities.
replacement service. Safelite is available to more than 96% of all U.S. drivers and all 50 states. Safelite has occupied this location since 1992. Taking over the original lease signed by Auto Glass & Upholstery Co.
Safelite is in their third year of their One (5) year option. The subject lease dated back to 1983 is a rare Absolute NNN, leaving no landlord responsibilities. Safelite has five amended leases showing their commitment to this location.
This is an ideal opportunity for an investor to purchase a passive income real estate asset with no landlord responsibilities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,824 SF
Building Class
C
Year Built
1956
Price
$422,000
Price Per SF
$149
Cap Rate
7%
NOI
$29,540
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Land Acres
0.23 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 063-10-00-029.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $125,000 |
PROPERTY TAXES
Parcel Number
063-10-00-029.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$125,000
-
Peyton Gasche -
Marvin DeLaura -
Fortis Net Lease
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Safelite AutoGlass | 1233 S Main St
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