SIG Handles Quick, Pre-Market Transaction on an Auto Parts Store For Sale in TN

SIG Handles Quick, Pre-Market Transaction on an Auto Parts Store For Sale in TN

SIG brokers handled the transaction on a Service King for sale in Columbia, TN, bringing in a buyer and securing the deal before the property officially hit the market.

Working with SIG net lease brokers is the best way to leverage top listings, lending, and marketing efforts. In this deal, lead SIG broker Matt Montagne, along with co-broker Tyler Ellinger, were able to successfully leverage SIG connections and bring in a buyer for an auto parts store property prior to it hitting the market.

  • Service King for Sale – Columbia, TN
  • Property Type: Auto Parts
  • Client Type: Private Owner
  • Price: $1,000,000

Client Challenges

  • The sellers were missing an assignment of lease from the prior operator of Service King
  • The buyers wanted a custom estoppel that tenant would not sign

SIG Strategies

  • Leveraged connections and marketing to bring in the right buyer
  • Overcame challenges by working directly with Service King leasing director to overcome buyer’s fears
  • Placed client goal as a top priority
  • Sold this property without even having to bring it to market
  • SIG cold called both the seller and the buyer to get a deal in place quickly, closing in under 60 days from PSA execution

Why SIG

  • Over $4,500,000,000 in Closed Transactions
  • Over $700,000,000 in Active Inventory
  • Over 1,900 Transactions in 48 States 
  • Focused on Creative Marketing 
  • Net Lease Industry Leader 

SIG Awards

  • Real Estate Forum Influencers in Net Lease 2019
  • SC25 Fastest Growing Companies, 2017 & 2018
  • Real Estate Forum Names SIG to Its List of Commercial Real Estate’s Fastest-Growing Companies, 2016 & 2015
  • CoStar Power Broker Top Firm Awards, 2017 & 2016

Interested in acquiring a Service King property or other auto parts store for consistent returns in your investment portfolio? SIG handles new loans on locations for clients who are seeking to expand their portfolio and acquire properties in all different niches. When the goal is growing an NNN investment portfolio with specific properties, you can’t trust a typical real estate agency to walk you through the process. SIG is a commercial real estate brokerage firm with a wealth of experience helping clients find, secure, and purchase properties to round out their investment portfolio.

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