The subject property is a 19,931 SF building located in the affluent community of Scottsdale, AZ. This is a relocation/expansion of a successful McLaren Automotive operation that has been in the market since 2012. The tenant has executed a brand new 15-year Absolute NNN lease that has three separate guarantors. There are scheduled rental increases at Year 6 and Year 11 of the primary term.
McLaren Scottsdale is owned and operated by C.J. Wilson, the two-time MLB All-Star pitcher of Texas Rangers and Los Angeles Angels fame. Wilson has taken his passion for motorsports and built a highly successful automotive empire that includes McLaren, Porsche, Audi, BMW, Mazda, and BMW and Suzuki motorcycles.
See all of KW Net Lease Advisors available properties including this Net Leased McLaren Automotive Dealership located in Scottsdale, AZ