Service King


Property ID #: 18816
Tenant Name: Service King
Street Address:
City: Memphis
State: TN
Zip: 38128

COMPANY DESCRIPTION

Service King Collision Repair is a national automotive collision repair company. It was founded in 1976 by Eddie Lennox in Dallas, Texas. Service King is one of largest providers of collision repair services in Texas and the United States. Service King was founded by Eddie Lenox in 1976. Its first location was in Dallas. In 2009, the then-independently owned Service King bought the three-location D&D Collision chain in the Houston area. In 2012, The Carlyle Group purchased a majority stake in Service King. Around that time, it expanded into Arizona. Global investment and advisory group Blackstone purchased majority ownership in Service King in July 2014. Service King eclipsed the 200-location milestone by December 2014 by purchasing Seattle-headquartered Kirmac Collision Services to expand its footprint in the Pacific northwest. Service King hit the 300-location mark in August 2016; it also opened a 70,000 square foot center in Milpitas, California around that time. In 2017, Blackstone and Carlyle looked at selling Service King for up to $2 billion (US). Service King opened a new corporate office located in Richardson, Texas in early 2017.

Sector: Automotive

FINANCIAL PROFILE

Price: $3,182,400
NOI:
Cap Rate: 6.00
Price PSF: N/A
Rent PSF: N/A
Credit Rating (S&P): NR

LEASE ABSTRACT

Lease Type: NNN
Years Remaining: 15
Initial Term Increases:
Initial Term Lease Begin: 0000-00-00
Initial Term Lease Expiration: 0000-00-00
Renewal Options:
Option Increases:
Rent Holidays:

PROPERTY OVERVIEW

Type of Ownership: Fee Simple
Year Built: 0000
Year Remodeled :
Tenancy :
Gross Leasable Area (GLA):
Building Size (SFT) : 10
Lot AC :

DEMOGRAPHICS

Population
1-Mile:
3-Mile:
5-Mile:
Average Household Income
1-Mile: 0.00
3-Mile: 0.00
5-Mile: 0.00

INFORMATION REQUEST

Reserve This 1031 Now