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Sun Auto Service

San Marcos, Texas

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Marcus & Millichap is pleased to present the exclusive listing for a Sun Auto located at 2409 Hunter Road, San Marcos, Texas. The property consists of 7,496 square feet of building space and is situated on roughly 1.26 acres of land. This Sun Auto Service is subject to a 20-year absolute triple-net (NNN) lease, which commenced September 27th, 2019. The annual rent is $111,002 and is scheduled to increase by 2.00% annually throughout the base term and in each of the 4, 5-year renewal options. The lease will carry a corporate guaranty from Sun Auto & Tire Services, Inc., a leading provider of automotive aftermarket repair service with approximately 350+ locations across the U.S.

About the Investment
✓ Long-Term 20-Year lease with More than 17 Years Remaining
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Attractive Rental Increases | 2.00% Annual Rental Increases
✓ Four (4) Tenant Renewal Periods of Five (5) Years Each

Key Details

Cap Rate:
Annual Rent:
2409 Hunter Road, San Marcos, Texas 78666
Property Type:
Net-Leased Auto Service
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
Lease Expiration:
Lease Term Remaining:
17 Years
Rental Increases:
2.00% Annually
Lot Size:
1.26 Acres
Building Size:
7,496 SF
Year Built:
Sun Auto Service

Talk to the pros

Glen Kunofsky

License: 49KU1129178

James Westerberg

License: 10401304686

Howard Curd

License: 10401339720

Broker of record

Tim Speck

License: 9002994

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