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July 1, 2024
TriGreen Equipment: Auto Dealership Retrofit
Crossville, TN
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Case Studies
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Opportunity
TriGreen, one of the region’s top John Deere dealers, approached CMK with the need for a new dealership to expand their presence to Crossville, TN.
Services Provided
- Acquisition: Negotiated an attractive purchase price of an existing 16,000 square foot automotive dealership requiring minimal structural changes.
- Leasing: Negotiated an attractive lease structure with the tenant including rent escalations, NNN lease structure, and a 15-year term.
Results
This investment has performed in line with our solid, stable and predictable criteria with annual distributions to investors of 7% and an expected overall return of 14-16% upon sale.
