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Auto Service - Gas-Conv

Express Oil Change

45 Fischer Crossings Blvd, Sharpsburg, GA 30277

Listing Price: $4,129,000

Cap Rate
4.65%
Tenant Name
Express Oil Change
Years Remaining On Lease
0.3
Guarantor
Corporate Guarantee
Rentable SF
4,771
Lease Type
Absolute Net
Rent Per Square Feet
$40.24

Investment Overview

Marcus & Millichap is pleased to present the Express Oil Change in Sharpsburg, 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.
  • Brand New High-Quality Brick Construction with Six Service Bays
  • Serving Rapidly Growing Suburb South of Atlanta and Surrounded by Affluent Communities
  • Average Household Income Exceeds $131,000 within 3 and 5 Miles
  • Outparcel to a Brand New 300,000 SF Retail Development Anchored by the First Costco Wholesale in South Metro Atlanta and Across from a New Sam's Club Anchored Center

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

Listing Price: $4,129,000

Cap Rate
4.65%
Tenant Name
Express Oil Change
Years Remaining On Lease
0.3
Guarantor
Corporate Guarantee
Rentable SF
4,771
Lease Type
Absolute Net
Rent Per Square Feet
$40.24

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.
  • Brand New High-Quality Brick Construction with Six Service Bays
  • Serving Rapidly Growing Suburb South of Atlanta and Surrounded by Affluent Communities
  • Average Household Income Exceeds $131,000 within 3 and 5 Miles
  • Outparcel to a Brand New 300,000 SF Retail Development Anchored by the First Costco Wholesale in South Metro Atlanta and Across from a New Sam's Club Anchored Center

Investment Overview

Marcus & Millichap is pleased to present the Express Oil Change in Sharpsburg, 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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