Views: 0 DOM: 88 Updated: 11.28.23 Posted: 09.13.23 Status: Active


Price $1,556,897
Built/Renov 2014
Tenant Byrider
Cap Rate 7.25%
Lease Type NN+
Guarantor Corporate
Size/SF 6,614
Lease Start 08-01-2018
#Units 134
Price/SF $235.39
Expiration 07-31-2028
Tenant Type Automotive
NOI $112,875
R. Term 4.7
Ownership Fee Simple
Rent/SF $17.07
Increases 10.0%/5/yrs
Pop 5Mi 91,591
Lot/AC 2.24
Options 8/5yrs/10%
AHHI 5Mi $103,283

Lease Highlights

  • Byrider Sales of Indiana, LLC has 4 years remaining on their current lease with 8 (5-year) options to extend
  • Lease features CPI-based increases in each option
  • The CPI escalations are capped at 10% per rent increase
  • Favorable NN+ lease with landlord responsible for roof & structure
  • Corporate guaranteed lease

Location Description

Byrider is strategically situated along West Pioneer Parkway with a daily traffic count of 18,800 vehicles and in close proximity to North Knoxville Avenue (30,500 VPD). This thoroughfare is home to various automotive brands, including BMW, Chevrolet, Ford, Dodge, Jeep, RAM, Chrysler, Honda, Hyundai, Mazda, and Volvo. The surrounding area is also populated by well-known retailers such as...



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  • Tenant: Byrider
  • Guarantor:Corporate
  • Company:Altamont Capital Ptrs
  • # Units:134
  • Stock:Private

About Tenant

Byrider is a leading US used car and finance franchise. It is the only small business franchise opportunity in America that also allows franchisees to operate as a bank or lender, to sell their...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,792 40,256 89,972
2023 Total Population : 4,892 40,840 91,438
2023 Employed Civilian Pop : 2,554 19,959 43,702
2023 Total Businesses : 812 2,154 3,464
2023 Average Household Income : $ 86,529 $ 106,241 $ 96,535
2023 Total Consumer Spending : $ 176 M $ 1643 M $ 3317 M
2023 Median Age : 39 41 41
2023 Total Households : 2,367 18,064 39,924
2023 Pop Age 25+: Bachelor's Degree : 957 8,415 16,814
2023 Average Home Value : $ 183,037 $ 214,130 $ 189,842
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
W Pioneer Pkwy N Sommer St 2008 18,800 0.03 mi
W Candletree Dr W Viking Ct 2008 2,700 0.20 mi
W Altorfer Dr N University St 2008 1,250 0.20 mi
N University St W Pioneer Pkwy 2008 18,300 0.21 mi
N University St W Pioneer Pkwy 2008 10,000 0.22 mi
N University St W Candletree Dr 2008 18,300 0.23 mi
N Sommer St W Pioneer Pkwy 2008 1,200 0.23 mi
W Pioneer Pkwy N University St 2002 16,700 0.25 mi
N Sommer St W Candletree Dr 2008 3,200 0.25 mi
W Pioneer Pkwy N Sommer St 2008 21,300 0.27 mi

Listing Broker

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