Property Details

Honest-1 Auto Care

Knoxville, TN
Property ID: 8468

Financial Summary

Asking Price $1,050,000
Cap Rate 8.00%
Net Operating Income (NOI) $84,000
Lease Type NNN
Lease Term Remaining 17 Years
The Offering Memorandum for this property is no longer available.

Contact

Stanley Wyrwicz
Senior Managing Director
617.261.8584

Share Property

Highlights

  • Honest-1 Auto Care is in the top 3% of emerging franchises in the U.S. with over 60 locations in 21 states
  • Located in an affluent suburb of Knoxville, 15 miles from the University of Tennessee (UT)
  • Strong demographics
  • Visible location with over 26,000 VPD
  • Centrally located (1.5 mi) from Kingston Pike, a major highway that connects downtown Knoxville with West Knoxville, and I-40 (5 mi)
  • Franchise recently transferred to tenant (personal guaranty franchisee)
  • Franchisor, Honest-1 Auto Care, LLC has the option to preserve the leased premises as a franchised business in event of tenant default
  • Income tax free state

Location

150 N Campbell Station Rd
Knoxville, TN

Traci BidingerHonest-1 Auto Care