Financing for collision, quick lube, and auto parts properties leased to brands like Caliber Collision, Jiffy Lube, Advance Auto Parts, and Express Oil Change. A fixed rate on a 30 year amortization, and no prepayment penalty.
Auto service is one of the steadiest net lease categories because the work can't be done online. Cars get older, they need oil changes and repairs, and drivers go to the shop closest to them. Tenants like Caliber Collision, Jiffy Lube, Advance Auto Parts, and Express Oil Change sign long leases and invest in lifts, bays, and equipment they don't want to move.
The loan is based on the lease: the tenant, the guaranty, and the years remaining. Buildings with service bays on busy roads also re-lease well to other auto brands if the first tenant leaves. With no prepayment penalty, you can sell or refinance whenever the timing is right.
On auto service NNN properties, loan amounts typically range from $1 million to $30 million, up to 65% of value, with no prepayment penalty.
These are typical ranges, not a quote. Your rate and loan amount depend on the tenant, the lease, the property, and your credit.
These are typical terms. Yours depend on the tenant, the guaranty, the lease, and the property.
Collision repair centers on long corporate leases.
Quick lube buildings leased to large franchise operators.
Freestanding auto parts stores.
Oil change and tire service centers.
Buildings leased to brands like Valvoline, Take 5, O'Reilly, and AutoZone.
Tire and general repair centers leased to national and regional chains.
Brand names describe the kinds of tenants we like. They aren't affiliated with Capituro.
For investors who own the real estate and lease it to an auto service brand.
Get a QuoteTerms early in your identification window, and a closing scheduled to your deadline.
Refinance onto a 30 year amortization and a fixed rate.
More years on the lease can support more loan. Take cash out for the next one.
No prepayment penalty, so you can sell whenever the offer is right.
The address, the tenant, and what you want the loan to do. The lease is all it takes to start.
The loan amount, the rate, and what it takes to close, before you pay for an appraisal.
Appraisal, environmental, title, and insurance get ordered and kept on schedule. On a 1031 purchase, the schedule is built around your closing deadline.
Loan documents signed and the loan funded on your closing date.
Send the numbers and the address, and we'll come back with loan terms.
