Press Releases
Marcus & Millichap Arranges Sale of Express Oil Change Location in Georgia
January 28, 2025
RINCON, Ga., Jan. 28, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a net-leased Express Oil Change location in Rincon, Georgia.
“The buyer, based in Southern California and completing a 1031 exchange, recognized the long-term stability and strong location of this asset,” said Alex Frankel, first vice president investments. “Net-leased properties like this continue to attract out-of-state investors seeking passive income opportunities.”
Frankel, Mark Ruble, Chris Lind and Zack House, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a Delaware limited liability company. John Leonard is Marcus & Millichap’s broker of record in Georgia.
Express Oil Change is on 2 acres at 101 12th St. Built in 2023, the 4,600-square-foot property is in a dense retail corridor anchored by Walmart, Lowe’s, Kroger, Tractor Supply Co., and Harbor Freight Tools. The tenant operates under a new, 20-year absolute triple-net lease, corporately guaranteed by Mavis Tire Express Services Corp.
“The buyer, based in Southern California and completing a 1031 exchange, recognized the long-term stability and strong location of this asset,” said Alex Frankel, first vice president investments. “Net-leased properties like this continue to attract out-of-state investors seeking passive income opportunities.”
Frankel, Mark Ruble, Chris Lind and Zack House, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a Delaware limited liability company. John Leonard is Marcus & Millichap’s broker of record in Georgia.
Express Oil Change is on 2 acres at 101 12th St. Built in 2023, the 4,600-square-foot property is in a dense retail corridor anchored by Walmart, Lowe’s, Kroger, Tractor Supply Co., and Harbor Freight Tools. The tenant operates under a new, 20-year absolute triple-net lease, corporately guaranteed by Mavis Tire Express Services Corp.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
