Would you invest in a Auto Service Building, without buying the business ?
I'm evaluating a 7,516 SF automotive service property in China Spring, Texas, listed at $950,000.
My interest is strictly in acquiring the real estate, not the operating business, potentially with a long-term NNN leaseback.
I'd appreciate hearing from investors who have owned automotive repair facilities, service-bay buildings, or similar specialized commercial assets.
What lessons, hidden risks, lease structures, or underwriting considerations would you share before acquiring this type of property ?
Experience and perspectives welcome. Let's learn from each other. More Details on the deal in enclosed file.