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AGM, INC.2100 124th Avenue NE, Suite 100
Bellevue, WA 98005425.576.8700 | agmrealestate.com
[ ABRA AUTO BODY & GLASS - KENT INVESTMENT OPPORTUNITY
]
SINGLE TENANT NNN INVESTMENT OPPORTUNITY FOR SALE
ABRA Auto Body & Glass - Kent25015 Pacific Highway South, Kent, WA 98032
KANE JOHNSON206.210.5201
• SINGLE TENANT NNN INVESTMENTOPPORTUNITY
•
• ZERO LANDLORD RESPONSIBILITIES•
• 15 YEAR HISTORICAL TENANCY ATLOCATION
•
• ABRA CORPORATE SIGNATURE ONLEASE
•
• CAN BE COMBINED WITH ADJACENTPROPERTY FOR ADDITIONAL YARDSPACE
JIM REED206.210.5202
AGM, INC.2100 124th Avenue NE, Suite 100, Bellevue, WA 98005425.576.8700 | agmrealestate.com
KANE JOHNSON206.210.5201
The information contained herein, while not guaranteed, has been secured from sources AGM Incorporated, a commercial real estate company, believes to be reliable and is considered the most current and correct data available. Prospectivepurchaser (or lessee) should verify all such information on their own behalf or have information verified by their attorney, accountant or business advisor.
OFFERING SUMMARY
Sale Price: $2,100,000
Cap Rate: 5.43%
NOI: $114,000
Year Built: 1978
Building Size: 8,948
Zoning: CommercialManufacturing II
(CM2)
Price / SF: $234.69
ABRA Auto Body & Glass located on Pacific Highway in Kent.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• Passive income with zero landlord responsibilities - tenant pays all expenses directly
• 15 year historical tenancy suggests dedication to location and Kent area
• ABRA corporate signature on lease
• Tenant has two (2) years remaining on initial term with two additional terms of five years, each with an 8% rental increase atterm commencement
• Located on a major retail corridor along the busy Pacific Highway (99) just West of I-5 in Kent
• High exposure location with traffic counts of 27,000 cars per day along Pacific Highway
• Can be combined with adjacent property for an additional 42,290 SF of yard space - Sale price: $650,000
ABRA Auto Body & Glass - Kent25015 Pacific Highway South, Kent, WA 98032
JIM REED206.210.5202
AGM, INC.2100 124th Avenue NE, Suite 100, Bellevue, WA 98005425.576.8700 | agmrealestate.com
KANE JOHNSON206.210.5201
The information contained herein, while not guaranteed, has been secured from sources AGM Incorporated, a commercial real estate company, believes to be reliable and is considered the most current and correct data available. Prospectivepurchaser (or lessee) should verify all such information on their own behalf or have information verified by their attorney, accountant or business advisor.
ABRA Auto Body & Glass -Kent
ABRA Auto Body & Glass - Kent25015 Pacific Highway South, Kent, WA 98032
JIM REED206.210.5202
AGM, INC.2100 124th Avenue NE, Suite 100, Bellevue, WA 98005425.576.8700 | agmrealestate.com
KANE JOHNSON206.210.5201
The information contained herein, while not guaranteed, has been secured from sources AGM Incorporated, a commercial real estate company, believes to be reliable and is considered the most current and correct data available. Prospectivepurchaser (or lessee) should verify all such information on their own behalf or have information verified by their attorney, accountant or business advisor.
ABRA Auto Body & Glass - Kent25015 Pacific Highway South, Kent, WA 98032
JIM REED206.210.5202
AGM, INC.2100 124th Avenue NE, Suite 100, Bellevue, WA 98005425.576.8700 | agmrealestate.com
KANE JOHNSON206.210.5201
The information contained herein, while not guaranteed, has been secured from sources AGM Incorporated, a commercial real estate company, believes to be reliable and is considered the most current and correct data available. Prospectivepurchaser (or lessee) should verify all such information on their own behalf or have information verified by their attorney, accountant or business advisor.
ABRA Auto Body & Glass - Kent25015 Pacific Highway South, Kent, WA 98032
JIM REED206.210.5202
AGM, INC.2100 124th Avenue NE, Suite 100, Bellevue, WA 98005425.576.8700 | agmrealestate.com
KANE JOHNSON206.210.5201
The information contained herein, while not guaranteed, has been secured from sources AGM Incorporated, a commercial real estate company, believes to be reliable and is considered the most current and correct data available. Prospectivepurchaser (or lessee) should verify all such information on their own behalf or have information verified by their attorney, accountant or business advisor.
ABOUT TENANT
Founded in 1984, ABRA is a recognized leader in collision repair, paintless dent removal,and auto glass repair and replacement with over 310 centers across 23 states. ABRAdistinguishes itself by providing a solution that enables its insurance company partners tosubstantially improve customer satisfaction and drive policyholder retention, whilesimultaneously reducing repair costs and driving efficiencies in the claims managementprocess.
In August of 2014, ABRA senior executives partnered with a private equity firm, Hellmanand Friedman, to acquire the majority interest in ABRA for approximately $750M. Thepartnership with Hellman and Friedman provides ABRA with substantial capital tocontinue their strategy of growing their business through acquisitions of the top regionalauto collision repair companies across the country.
ABOUT HELLMAN AND FRIEDMAN:Hellman & Friedman LLC is a leading private equity investment firm with offices in SanFrancisco, New York, and London. Since its founding in 1984, H&F has raised and,through its affiliated funds, managed over $25 billion of committed capital. The firmfocuses on investing in superior business franchises and serving as a value-added partnerto management in select industries including insurance, energy & industrials, financialservices, software, internet, digital & traditional media, business, marketing &information services, and healthcare.
ABRA Auto Body & Glass - Kent25015 Pacific Highway South, Kent, WA 98032
JIM REED206.210.5202
AGM, INC.2100 124th Avenue NE, Suite 100, Bellevue, WA 98005425.576.8700 | agmrealestate.com
KANE JOHNSON206.210.5201
The information contained herein, while not guaranteed, has been secured from sources AGM Incorporated, a commercial real estate company, believes to be reliable and is considered the most current and correct data available. Prospectivepurchaser (or lessee) should verify all such information on their own behalf or have information verified by their attorney, accountant or business advisor.
JIM REED206.210.5202
![[NMDS] Erik Hellman](https://img.pdfslide.us/doc/110x75/5590e5721a28abff378b47c1/nmds-erik-hellman.jpg)
