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Auto Service - Gas-Conv

Express Oil Change | New 20-Yr. Absolute NNN

601 Market Pl Blvd, Locust Grove, GA 30248

Listing Price: $4,129,000

Cap Rate
4.65%
Tenant Name
Express Oil Change
Years Remaining On Lease
20.3
Guarantor
Corporate Guarantee
Rentable SF
4,730
Lease Type
Absolute Net
Rent Per Square Feet
$40.59

Investment Overview

Marcus & Millichap is pleased to present the Express Oil Change in Locust Grove, GA.

Investment Highlights

  • New 20-Year Absolute NNN Lease with 7% Increases Every 5 Years
  • Corporate Guaranty by Mavis Tire Express with 1,100 Locations Across 27 States and $1.5 Billion in Revenue
  • Baypine LP and Investors Recently Acquired Mavis in 2021, Reportedly Valued the Company at $6 Billion Including Debt
  • Mavis Tire is the 2nd Largest Independent Tire Dealership Chain in the U.S.
  • Strong Unit-Level Sales Resulting in a Highly Profitable Location
  • Brand New High-Quality Construction with Six Service Bays
  • Locust Grove is the Fastest Growing City in Henry County, One of the Fastest Growing Counties in the U.S.
  • Surrounded by Affluent Communities, Average Household Income Exceeds $111,000 within 3 Miles

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Auto Service - Gas-Conv

Express Oil Change | New 20-Yr. Absolute NNN

Listing Price: $4,129,000

Cap Rate
4.65%
Tenant Name
Express Oil Change
Years Remaining On Lease
20.3
Guarantor
Corporate Guarantee
Rentable SF
4,730
Lease Type
Absolute Net
Rent Per Square Feet
$40.59

Investment Highlights

  • New 20-Year Absolute NNN Lease with 7% Increases Every 5 Years
  • Corporate Guaranty by Mavis Tire Express with 1,100 Locations Across 27 States and $1.5 Billion in Revenue
  • Baypine LP and Investors Recently Acquired Mavis in 2021, Reportedly Valued the Company at $6 Billion Including Debt
  • Mavis Tire is the 2nd Largest Independent Tire Dealership Chain in the U.S.
  • Strong Unit-Level Sales Resulting in a Highly Profitable Location
  • Brand New High-Quality Construction with Six Service Bays
  • Locust Grove is the Fastest Growing City in Henry County, One of the Fastest Growing Counties in the U.S.
  • Surrounded by Affluent Communities, Average Household Income Exceeds $111,000 within 3 Miles

Investment Overview

Marcus & Millichap is pleased to present the Express Oil Change in Locust Grove, GA.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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