1114 Morgan Boulevard

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1114 Morgan Boulevard

Harlingen, TX 78550
Asking Price
$1.14M
Cap Rate
5.25%
Asset Type
Auto Shop Retail
Class
Class B

What's Special

<ul><li>​Excellent Corporate Guarantee from Driven Brands | The lease will be subject to a corporate guarantee from Driven Funding Holdco, LLC. Driven Funding Holdco, LLC is comprised of over 3,500 franchisee and corporate operated Take 5 Oil Changes as well as the royalty revenue streams of Driven Brands' other franchisees such as Meineke, Maaco, CARSTAR, Merlin, Econo Lube, and others.</li><li>​Strong Industry Growth | The U.S. oil change service market size is valued at approximately $12 bill

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NOI
$80,000
Cap Rate
7.00%
DSCR
1.18
Tight
Cash-on-Cash
3.54%
Monthly Payment
$5,654.233
Annual Cash Flow
$12,149.206

Location & Travel Times