Los Angeles Single-Tenant Absolute Net Ganas Auto Dealership
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Investment Highlights- $4,995,000 (5.75% cap.)
- Absolute Triple Net (NNN)
- FMV rent adjustment in 2020
- Annual rent increases
- Tenant recently acquired by large Dallas, TX private equity firm
- Ganas is like a CarMax tailored to the Hispanic demographic
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Location Highlights
- San Fernando Valley
- 500k population in 5-mi radius
- 30k cars per day
- Access to expansive freeway network
- Fastest growing demographic segment in Los Angeles
- Gateway location to City of San Fernando
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Opportunity: Pegasus Investments, as exclusive investment sale advisor to Seller, is pleased to offer the opportunity to acquire a single tenant 100% triple net leased Ganas Auto dealership. Specializing in buying, selling, trading and financing pre-owned vehicles in Hispanic markets throughout the United States, Ganas is often compared to CarMax and has recently taken on significant private equity growth capital in order to foster continued growth throughout the Western U.S. The property is subject to a 7 year triple net lease (expires 2020) with landlord favorable fair market value rent increases in the options (not less than prior year's rent).
Location: The property is strategically located within the automotive sale and service corridor of San Fernando, a densely-populated city within Los Angeles with a 3-mile population density of 237k and a 5-mile density of nearly a half million people. The lease, which features a very landlord favorable fair market value option in November 2020, is signed by Tricolor Auto Group, LLC. The majority equity investor in Ganas Auto is Investar, a prominent Dallas-based private equity firm headed by the former CEO of Soriana, the 2nd largest Mexican retailer with annual sales exceeding $12 billion.
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David B. Chasin Managing Director (310) 691-1350 x101 BRE #01513027
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Daylin Ackerman Associate (310) 691-1350 x114 BRE #02011508
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Tony Veiller Sr. Analyst
(310) 691-1350 x113 BRE #01995952
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Pegasus Investments 1901 Avenue of the Stars, #630
(310) 691-1350 BRE #01961545
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Pegasus Investments Real Estate Advisory Inc. | BRE License Number 01961545
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