Car Dealership Commercial Property
Hello all!
Wanted to start a thread and hopefully gain some insight into folks who have purchased automotive dealership lot/store fronts and leased them out? I've only dealt with residential at this point but am looking into self storage and on my search for commercial I stumbled upon a car dealership property where the owner is moving out of state and motivated to sell the property. Ideally he will be stay there for 10 months and lease the property from the new owner while he gets ready for his move.
Has anybody leased out a car lot before? It is equipped with the following:
- Office
- 2 mechanic bays with lifts
- 1 bay for mobile detailing
- Car lot for 70 cars
Lot of ideas go through my head but figured i would reach out to the BP community. Maybe renting it out to a dealership and using NNN leases after his 10 month? I haven't made any deals yet in the commercial space yet so any advice would be appreciated.
thank you in advanced
Cody