Harley-Davidson Portfolio SLB

Harley-Davidson
1327 Plaza Dr, Carroll, IA 51401, USA

Opportunity to Acquire Two High-Performing, Mission-Critical Harley-Davidson Dealerships on Absolute Triple Net (NNN) Leases With Zero Landlord Responsibilities and Exceptional Rent-to-EBITDAR Coverage Exceeding 4.0x. With a Combined 90+ Years of Operating History, Both Dealerships Are Cornerstones in Their Respective Markets, Supported By Loyal Customer Bases and a Deep-Rooted Brand Presence. This Offering Presents a Rare Opportunity to Acquire Two Core Dealerships on Irreplaceable Real Estate That Are Backed By Durable Operations and Produce Highly Secure Long-Term Income Streams.

  • Longstanding Operating History: Both Assets Have Been Operational For a Combined 90+ Years and Have Served as Cornerstones of Their Respective Markets, Demonstrating Deep Community Roots and Consistent Performance
  • Robust Rent Coverage: EBITDAR/Rent Coverage of Approximately 3.5x–4.0x, Doubling Industry Standard, Which Provides the Landlord With the Utmost Assurance of Lease Sustainability
  • Zero Landlord Responsibilities: Brand-New 15-Year Absolute Triple Net (NNN) Leases With 10% Rent Escalations Every 5 Years and 8 x 5-Year Renewal Options
  • Strong Guarantor: Personal Guaranty From a Proven Multi-Unit Operator With Deep Experience in Dealership and Auto Service Operations
  • Low Rent/SF: Rental Rate of $12.30/SF Supports Healthy Operating Margins and Promotes Long-Term Tenant Success

 

In Association With ParaSell, Inc. – Lic. #F06134000 | BoR: Scott Reid – Lic. IA #B68091000
In Association With Sands Investment Group Charleston, LLC | BoR: Chris Sands – Lic. NE #20200769

Harley-Davidson
1327 Plaza Dr, Carroll, IA 51401, USA

Harley-Davidson

Harley-Davidson, Inc. serves as the parent company of both Harley-Davidson Motor Company and Harley-Davidson Financial Services. The company is driven by a vision centered on building its legacy and leading the motorcycle industry through innovation, evolution, and emotional connection. Its mission goes beyond manufacturing motorcycles—it represents a timeless pursuit of adventure and the promise of freedom for the soul. With an ambition to remain the most desirable motorcycle brand globally, Harley-Davidson has, since 1903, played a defining role in shaping motorcycle culture. The brand is known for offering distinctive and customizable motorcycles, along with immersive experiences, accessories, riding gear, and apparel. Harley-Davidson Financial Services supports the brand’s customer base by offering financing, insurance, and related services to help riders get on the road. Harley has more than 1,400 independently owned Harley-Davidson dealerships in nearly 100 countries.

Price

$14,057,142

Cap Rate

7.00%

PREMISES

80,000 SF

RENEWAL OPTIONS

8 x 5 Years

Lease Expiration

15 Years From Close of Escrow

Lease Type

Absolute NNN

RENTAL INCREASES

10% Every 5 Years

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