Precision Tune Auto Care

INDUSTRY LEADING BRAND
Precision Tune Auto Care is an industry-leading brand with +/- 320 service centers and serving +/- 1.5M customers each year.

SERVICE BASED CONCEPT
Precision Tune Auto Care is a service-based business, which insulates it from the negative effects of commerce. According to the Auto Care Association there are +/- 270B serviceable vehicles on U.S. roadways. Additionally, the automotive service and repair segments increase to $229.4B.

25+ YEAR OPERATING HISTORY AT THIS LOCATION
This location has a 25+ year operating history, demonstrating Precision Tune Auto Care’s commitment to this location. Tenants with a long operating history are less likely to vacate at the end of a lease term.

DENSE TRADE AREA
This subject property sits at the intersection of North Meridian Avenue and NW 23rd Street. NW 23rd Street is a dense trade area with multiple national tenants present such as CVS, Walgreens, Aaron’s, ALDI, and many others.

SUCCESSFUL MULTI-TENANT OPERATOR
Meridian Tune, Inc. operates 5 Precision Tune Auto Care facilities in the area. Additionally, this franchisee benefits from a family relationship with a large Precision Tune Auto Care operator. In total, the family operates over 50 locations, speaking to the shared knowledge and success of this operator.

BELOW MARKET RENT
The asking rent per square foot in similar dense trade areas in Oklahoma City is between $13-$15 RPSF. At +/- $11 RPSF, this asset has rent per square foot well below market.

STRONG UNDERLYING REAL ESTATE FUNDAMENTALS
This asset benefits from being located on a hard signalized corner in a dense retail corridor. The assets real estate fundamentals such as high population density, property visibility, and accessibility add extra value beyond the investment cash flow.