#United States #Toledo #Toledo, Ohio #CrownPoint Partners #Tuffy Tire

CrownPoint Partners Brokers Sale of Tuffy Tire Properties in Toledo

CrownPoint Partners has achieved a significant milestone by successfully facilitating the sale of two key Tuffy Tire & Auto Service properties located in Toledo, Ohio. This accomplishment underscores the company's growing prominence in the automotive service and net lease sectors.

These transactions highlight the strong demand for automotive service properties, which have been increasingly sought after by investors due to their essential nature and the stability they provide. The first property sold is situated on Airport Highway and was acquired by a publicly traded REIT. Remarkably, the sale was finalized in just 53 days. This location is currently leased to Tuffy Tire & Auto Service, with over seven years remaining on its Absolute Net Lease, ensuring a long-term passive investment structure for the buyer. Its proximity—less than seven miles—from Tuffy's corporate headquarters reinforces the tenant's commitment to the Toledo market and demonstrates the franchise's expanding footprint.

The second property is located on Monroe Street and sold for 97% of its list price. This transaction was an all-cash deal conducted by a local buyer engaging in a 1031 exchange, signaling a robust appetite for well-located net lease investments. The property includes an Absolute Net Lease with Tuffy Tire & Auto Service alongside an additional 20-year lease for an electronic billboard, which further enriches the buyer's income portfolio by providing multiple revenue streams.

Shannon Bona from CrownPoint Partners remarked, “These transactions highlight the strong investor demand for essential automotive service real estate with long-term lease structures and experienced operators.” He points out that automotive service properties not only perform well in the net lease market due to their utility but also offer durable tenant demand and stable cash flow.

Adding to this discussion, Julius Swolsky of CrownPoint Partners emphasized the advantageous depreciation capabilities of these assets, stating that they can be depreciated 100%, presenting potential substantial tax savings for investors. The team collaborates closely with cost segregation service advisors and accountants to ensure clients maximize this opportunity, demonstrating their commitment to providing comprehensive support to their investors.

CrownPoint Partners' success in these transactions reinforces its expertise in advising clients across various sectors, including net lease, automotive services, and essential-use retail assets.

About CrownPoint Partners

CrownPoint Partners, a national real estate brokerage and advisory firm, operates out of West Palm Beach, Florida, and Newport Beach, California. Led by industry experts Julius Swolsky, Shannon Bona, and Don Bingham, the firm has a wealth of experience in net lease and sale-leaseback transactions, catering to a diverse client base that includes REITs, private equity firms, developers, business owners, and private investors.

The firm’s platforms offer tailored investment solutions focusing on investment sales, acquisitions, corporate expansions, and unlocking capital. By prioritizing transparency, responsible investment practices, and building lasting partnerships, CrownPoint Partners helps clients achieve their long-term financial objectives.

For further information, please visit CrownPoint Partners' website.