Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of a Tire Works Total Car Care, a 7-bay, 6,022 square foot net leased auto repair shop.
Dustin R. Alvino, First Vice President of Investments at Marcus & Millichap’s Las Vegas office, represented the seller and buyer in this transaction. The asset sold for $2,800,001, producing a cap rate of 6.11%. The asset offered a brand new 15-year absolute triple net lease. GB Auto Service, the guarantor, operates 7 brands and 110 units in the Southwestern United States. The neighborhood is packed with major retailers including AutoZone, McDonald’s, CVS, Albertsons, Dollar Tree, 7-Eleven, and many more.
For more information regarding the sale of Tire Works Total Car Care or if you have any other questions relating to net lease investments, please do not hesitate to reach out to Dustin R. Alvino.
Dustin R. Alvino | (702) 215-7120