EchoPark Dealership
Baltimore, Maryland
Building
Stats
- Property Type Retail - Street Retail
- Year built 1960
- Building size (SF) 53,651
- Price $10,204,800
Overview
Avison Young’s U.S. Capital Markets Group, as exclusive advisors to the owner, is pleased to present the opportunity to acquire an EchoPark assemblage in Baltimore, MD. This offering is a 53,651-square-foot, state-of-the-art automotive dealership fully leased to EchoPark Automotive, a high-growth segment of Sonic Automotive (NYSE: SAH).
Sonic Automotive, the guarantor of the lease, is listed in the Fortune 500 and is one of the largest automotive retailers in the United States, headquartered in Charlotte, North Carolina, roughly 120 miles from the Property. This offering represents a rare chance to acquire a sizable, well-located asset that is leased for nine years on a long-term, absolute triple-net basis to a credit-worthy Tenant.
Highlights
This offering is a NNN leased, 53,651-square-foot, state-of-the-art automotive dealership fully leased to EchoPark Automotive, a high-growth segment of Sonic Automotive (NYSE: SAH)
Nine years remain with CPI increases every five years (capped at 10%), with two five-year options to renew
Sonic Automotive, the guarantor of the lease, is listed in the Fortune 500 and is one of the largest automotive retailers in the United States
EchoPark has had dominant-recent financial performance with substantial growth opportunities being driven by positive industry tailwinds
