Meineke

Highlights

• 10% rental increases every 5 years providing a hedge against inflation
• Dense residential trade area 107,000 residents within a 5-mile radius of the subject property
• Internet & recession resistant industry consumers defer new vehicle purchases during economic downturns and instead spend on maintenance/repairs to keep existing cars on the road longer
• Largest Meineke operator in the country 58 units currently with plans in place to expand to 100+
• Other national retailers situated along Sprinkle Road include McDonald’s, Taco Bell, Speedway, Sherwin Williams, and Arby’s
• Steady population growth projected over the next 5 years in a 3, 5, and 10-mile radius
• Subject property features standalone frontage on S Sprinkle Road a major retail thoroughfare in the trade area with direct access to I-94 (60,000+ VPD)
• Surrounding residents own an average of 2 cars per household, with the 5-mile population spending roughly $35.8M on auto repair annually (per CoStar)
• This Meineke has over 19 years remaining on an absolute net lease featuring a personal guaranty from the operator

Attachments

• Property Brochure 1 ()

Location

Points of Interest