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NOI Net Operating Income
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Documents

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Key facts

Year Built 2003
Building Area Gross
Occupancy 100.0 %

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in an automotive service provider located in Chandler, Arizona. TGK Automotive recently signed a 15 year lease featuring annual rent bumps with a guarantee from Sun Auto Tire and Service. Sun Auto, an industry leading automotive service provider recently acquired TGK Automotive and now serves over two million customers annually. Sun Auto Tire & Service owns and operates over 27 brands in 17 states across 400 locations. Additionally, the company boasts $91 million in total earnings for 2021. The Property is situated within a high growth submarket of Chandler with a high concentration of businesses and employees. This triple net investment presents a unique opportunity to obtain a strong income stream from a credit tenant surrounded by affluent demographics. 


Investment highlights

  • The Tenant is on an Absolute NNN Lease providing zero landlord responsibilities 
  • TGK Automotive has recently been acquired by Sun Auto Tire & Service expanding their customer base, revenue, and services
  • The lease features a corporate guaranty from a national automotive operator boasting $91 million in 2021 earnings
  • Sun Auto Tire & Service owns and operates 27 brands in 17 states across 400 locations
  • Recently executed 15 year lease with annual escalations, providing a strong hedge against inflation
Last Updated Date: 29 Nov 2022

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Last Updated Date: 29 Nov 2022

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