1351 Gordon Hwy, Augusta, GA 30901

The Finem Group at Meybohm Commercial is pleased to present this brand new 10 year, triple-net sale-leaseback. The tenant, Matthews Motors, a family-run business of 31 years built upon years of doing business the right way, exists to provide truck services to other businesses that require trucks, truck parts, and truck services to exist. Their core customer base, coupled with the U.S. economy's complete dependence on trucking, makes the business not just recession resistant, but prone to grow in times of economic difficulty. This business specializes in all things trucks including the sales of the trucks, truck bodies, and truck parts; provides preventative service and maintenance for trucks and truck trailers including paint and body; and provided 24-7 Emergency roadside assistance for breakdowns and repairs. In 2021 Matthews Motors did over $11,000,000 in gross Sales and are projected to hit $18,000,000 by the end of 2022. Matthews Motors is an accredited business with the Better Business Bureau with a rating of A+. T-12 EBITDA is 476K, and 2022 projected EBITDA is expected to be 925K. T-12 Rent Coverage is 1.25 and 2022 projected Rent Coverage is expected at 2.43. As of July 2022 Matthews Motors has over 58 employees on its team. This 57,600 square foot facility is situated on 7.73 acres and is comprised of three separate building areas: The Front Retail/Office, the Front Warehouse (Service Center) and the Back Warehouse (Truck Repair/Collision Center).  « show less

The Finem Group at Meybohm Commercial is pleased to present this brand new 10 year, triple-net sale-leaseback. The tenant, Matthews Motors, a...  show more »