BRAND NEW 20-YEAR LEASE COMMENCING AT CLOSE OF ESCROW | ABSOLUTE NNN STRUCTURE - Long-term 20-year lease commencing at close of escrow - Brand new lease with zero landlord responsibilities (absolute NNN) - Long-term income security backed by a newly executed lease structure - Stabilized cash flow with minimal management requirements
AFFLUENT SUBURB | $121K+ AVERAGE HOUSEHOLD INCOME (3-MILE RADIUS) - Located in a high-income suburban trade area - Average household income of $121K+ within a 3-mile radius - Strong consumer spending power and durable retail demand - Supports premium service and automotive-oriented uses
STRONG STORE-LEVEL FINANCIALS | 2.81X EBITDAR COVERAGE RATIO - Exceptional 2.81x EBITDAR coverage demonstrating strong performance - Significant cash flow cushion above lease obligations - Indicates highly profitable and well-performing store economics - Reduces operational risk and supports long-term rent durability
EXPERIENCED FRANCHISEE | MB PARTNERS LLC (4-UNIT GREASE MONKEY OPERATOR) - Tenant is MB Partners LLC, a seasoned multi-unit operator of Grease Monkey - Operates four locations throughout the Seattle metropolitan area - Proven track record of operational efficiency and disciplined management - Strong franchise system support and regional market expertise