North American Title Loans | South Carolina Portfolio
$1,304,000
1008 Montague Ave; 439 South Jefferies Blvd, Greenwood/Walterboro, SC 29649
For Sale
Retail
Free Standing
Active
Last Updated: 03/05/2024
87,975
NOI
4,251 sqft
Combined Building Size
Details:
NOI: $87,975
Combined Building Size : 4,251 sqft
Combined Lot Area : 0.9 acres
Lease Type: Triple Net
Highlights:
- Enormous Commitment - Tenant recently agreed to a 20 year sale lease with 3% Annual increases built into the lease
- With 3% annual increase in 5 years, the return on this investment is 7.60%
- 425+ Locations: SMR currently has 425+ locations in 20 states across the United States
- Rare opportunity for an investor to purchase a long term lease with 3% Annual increases built in
- Tenant: Select Management Resources (SMR) specializes in the origination and servicing of automobile title loans. The company operates through sixteen distinct brands, which include LoanMax, Alabama Title Loans, Atlanta Title Loans, LoanStar, Mid-American Title Loans, North American Title Loans, Northeastern Title Loans, Northwest Title Loans, and Borinquen Title Loans, among others. SMR's extensive operational footprint and its commitment to serving the community make it one of the largest title lenders in the United States, with a network of 425 stores spanning 20 states and Puerto Rico.Key Points.
Documents:
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Offering Memorandum
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Location
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