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America's Auto Auction
8000 US-80, Shreveport, LA, 71119, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 20,660 SF America’s Auto Auction NNN Asset Located at 8000 US-80 in Shreveport, LA. The Tenant Operates Under an Initial 20-Year Absolute NNN Lease Structure at the Property; Leaving No Responsibilities to the Landlord; There are More Than 17-Years Remaining in the Primary Term and Four, Five-Year Options Extend Into 2061; This Creates Passive and Long-Term Income For the Landlord, Providing For a Secure Investment.
- Leading Auto Auction Company – The Greater Shreveport-Bossier (“GSB”) Auto Auction is Operated By America’s Auto Auction, Which Manages 39 Auction Sites Across 18 States and Offers Customers a Superior Digital Platform and Financing Solutions; Currently; the Site Can Hold as Many as 1,000 Vehicles; Which Translates to an Incredibly Low Storage Cost of $1 Per Vehicle Per Month
- Strong National Tenant – America’s Auto Auction is a Portfolio Company of Brightstar Capital Partners; Who Currently Have $4.2B in Total AUM; in September 2021; Brightstar Capital Partners Acquired the Vehicle Auction and Remarketing Company XLerate Group; Then Near the End of 2021, XLerate Group Acquired America’s Auto Auction to Boost Their Market Presence
- Rent Well Below Average For IOS – The Tenant is Currently Paying $1,000 Per Acre Per Month Which is Well Below the Current Market Rent For the IOS Sector of Nearly $3,000 Per Acre Per Month; With the in-Place Rent at Just One-Third of Average Rent in the IOS market; There is a Significant Protection to the Landlord’s Downside Risk
- Passive Investment – The Tenant Operates Under an Initial 20-Year Absolute NNN Lease Structure at the Property; Leaving No Responsibilities to the Landlord; There are More Than 17 Years Remaining in the Primary Term; and the Four; Five-Year Options Extend Into 2061; This Creates Passive and Long-Term Income For the Landlord
- Vital Logistics Market – The Property Enjoys Quick Access to I-20 and I-49 Which Provides Access to All Major US Markets Within a 40-Hour Drive Time Situated in Shreveport’s Vital Distribution Hub; the Property is Surrounded By National Logistics and Distribution Operators Like Hyundai Glovis; Averitt; Old Dominion Freight Line; R+L Carriers; PepsiCo; and Others; Additionally; the Union Pacific Shreveport Intermodal Terminal is Less Than 10-Miles From the Property and Provides Access to Major US Ports
In Cooperation With Sands Investment Group Louisiana, LLC – Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman Lic. LA #BROK.0995700567-ACT
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America's Auto Auction
8000 US-80, Shreveport, LA, 71119, USA
AMERICA’S AUTO AUCTION
America’s Group (the “Company”) is comprised of America’s Auto Auction and AXLE Funding, leading nationwide vehicle auction / remarketing and floorplan finance companies. America’s Auto Auction is a full-service used-vehicle auction services provider that facilitates the wholesale remarketing of used vehicles for B2B customers, delivering a critical liquidity function to enable the used car sales ecosystem. Based in Carmel, IN, America’s Auto Auction facilitates the selling and buying of used vehicles at physical auction sites across 19 states as well as on digital platforms. The Company’s daily mission is simple and straightforward: to provide high quality service and operational execution for dealers and institutional customers. America’s Auto Auction has grown to over 40 locations throughout the country.
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Price
$3,840,000
Cap Rate
6.25%
PREMISES
20,660 SF
RENEWAL OPTIONS
4 x 5 Years Options
Lease Expiration
08/31/2041
Lease Type
NNN
BROKERS
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Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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