Meineke Car Care Center

999 Duluth Highway - Lawrenceville (Atlanta) GA 30043

LTV (Loan to Value)	65.00%	Current NOI	$92,400.00
Interest Rate	4.250%	Capital Rate	6.250%
Fixed Term	10 Years	Land Area	0.87 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$962,000.00	Property Type	Retail
Payment	$5,211.52	Property Lease	Automotive
Bulding Size	4,358 SF	Remaining Terms	9.5 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a 4,358 square-foot Meineke Car Care Center property situated on 0.87 acres and located in Lawrenceville, GA. Meineke is operating under a ten (10) year absolute double net (NN) lease with CPI increases annually. The lease also features three (3), five (5) year option periods. The property is strategically located in the market of Lawrenceville, GA, situated to serve the tenant’s targeted demographic, with a population of 73,403 and an average household income of $76,074 within a three (3) mile radius.Meineke Car Care Center, Inc. is a franchise-based international automotive repair chain with more than 900 locations. With nearly 1,000 Meineke Car Care franchises operating nationally and internationally, Meineke continues to be recognized as a leader in complete car care automotive franchises.

Highlights

Rare Corporate Guarantee – Meineke is traditionally a franchise-based model, but this lease is guaranteed by the corporate entity.Established Customer…

Property Description

Lawrenceville is a city in and the county seat of Gwinnett County, Georgia. The Census Bureau estimates the 2013 population at 29,868. Lawrenceville is located approximately 32.5 miles northeast of Atlanta.Gwinnett County is the second most populous county in the state of Georgia, with a population of more than 842,000.