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Frequently Asked Questions

What is Legacy's criteria?

Dealership Properties

Ideal Brands:
Non-Luxury: Toyota, Honda Subaru, Kia, Chevrolet, Ford, Mazda
Luxury: Porsche, Lexus, BMW, Mercedes, JLR, Audi, Cadillac

Why Sell your Real Estate to Legacy?
  • Obtain Capital while maintaining property control and business ownership
  • Lower guaranty/underwriting thresholds then lenders
  • Lower cost of capital
  • Avoid need for partnership participation in the business
How do you value properties?
  • Location
  • Brand
  • Sales Volume
  • Operator Strength
  • Image Compliance
  • Profitability
Do you provide construction Capital?

Yes

Will you buy properties with a lease in place?

Yes

Are you a lender?

No

Is there a minimum transaction size you require?

While our primary focus is on transactions of $10 million and above, we are open to considering properties around the $5 million mark.

Are personal guaranty required?

Not necessarily so long a we are comfortable with the dealer’s financial commitment to the location.

What types of properties do you acquire?

We focus primarily on automotive dealership real estate but will consider other net lease assets on a case-by-case basis.

Do you work directly with owner-operators or only through brokers?

We are happy to work directly with dealership owners, their advisors, or brokers.

How long does the sale-leaseback process typically take?

Most sale-leaseback transactions can be completed within 30 to 60 days, depending on due diligence and lease negotiations.

What are the benefits of a sale-leaseback for dealers?

A sale-leaseback can free up capital tied to real estate, allowing dealers to reinvest in operations, expansion, or succession planning—while maintaining full control of their business.

What lease terms do you typically offer?

We typically structure leases between 15–20 years, with options for renewal. Terms are customized based on the tenant’s needs and financial profile.