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Carvana | Approx 14yrs Remain Corp Abs NNN 5435 N Loop 1604 W

8,348 SF Retail Building San Antonio, TX 78249 £5,564,002 (£667/SF) 7.35% Net Initial Yield

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Investment Highlights

Approximately 14 Years Remaining | Options To Extend | Annual Rental Increases | Well-Known & Established Tenant
Dense Retail Corridor | Strong/National Credit Tenants | The Rim (1,700,000 SF Lifestyle Center) |
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
Near Heavily Traveled Interchange | Six Flags (Capacity - 37k) | Univ of TX San Antonio (34,742 Students) | Multiple Nearby Appartment Luxury

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate signed (NYSE: CVNA), freestanding, Carvana investment property located in San Antonio, Texas. The tenant, Carvana, LLC has approximately 14 years remaining with 2 (10-year) options to extend, demonstrating their commitment to the site. The lease features 1.75% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor in a state with no state income tax. Carvana is a leading e-commerce platform for buying and selling used cars and provides as-soon-as-next-day delivery to customers in over 300 U.S. markets.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Auto Dealership

Building Size

8,348 SF

Building Class

Year Built

2016

Price

£5,564,002

Price Per SF

£667

Net Initial Yield

7.35%

NOI

£408,963

Tenancy

Single

Number of Floors

Building FAR

0.13

Lot Size

1.50 AC

Zoning

MPCD - Master Planned Community District

Parking

41 Spaces (4.91 Spaces per 1,000 SF Leased)

Amenities

Freeway Visibility

Signage

Retailer
99,999 SF
-
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Your experience doesn’t end once you get the keys. Their goal is to make sure you have peace of mind when it comes to your new ride. Every Carvana car comes standard with a limited 100 day/4,189 mile warranty. Should anything happen, they'll take care of it so you can rest easy.