The KEY Portfolio of Three

- Three Locations in Oklahoma City MSA

LTV (Loan to Value)	65.00%	Current NOI	$750,000.00
Interest Rate	4.250%	Capital Rate	7.250%
Fixed Term	10 Years	Land Area	11.06 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$6,724,250.00	Property Type	Retail
Payment	$36,427.82	Property Lease	Auto Dealership
Bulding Size	33,611 SF	Remaining Terms

Location Description

The KEY, Oklahoma City’s premier buy here, pay here used car dealer, has three locations throughout the immediate area. The KEY is owned and operated by Mr. David Frayer, a local proprietor and entrepreneur who has been successfully growing his auto related businesses for the past 20 years. The KEY offers both new and used cars for purchase and in-house financing, insurance and warranties directly to their customers creating a one stop shop for car buyers. Their three locations contain a variety of vehicles, from sports and muscle cars to compacts and full-sized pickups.

Highlights

Strong Operator - Seller/operator has over 20 years of experience in the auto industry. The KEY has experienced significant growth…

Property Description

Oklahoma City is the capital and largest city of Oklahoma. The population grew following the 2010 Census, with the population estimated to have increased to 610,613 as of July 2013. The Oklahoma City metropolitan area had a population of 1,319,677, and the Oklahoma City-Shawnee Combined Statistical Area had a population of 1,390,835 residents, making it Oklahoma’s largest metropolitan area. Oklahoma City is on the I-35 Corridor as one of the primary travel corridors into neighboring Texas and Mexico.