Auto Service - Gas-Conv
Express Oil Change | 20-Yr. NNN Lease
45 Fischer Crossings Blvd, Sharpsburg, GA 30277
Listing Price: $3,398,000
Cap Rate
5.65%
Tenant Name
Express Oil Change
Years Remaining On Lease
19.0
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.
Express Oil Change | 20-Yr. NNN Lease
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
Financing By
Auto Service - Gas-Conv
Express Oil Change | 20-Yr. NNN Lease
Listing Price: $3,398,000
Cap Rate
5.65%
Tenant Name
Express Oil Change
Years Remaining On Lease
19.0
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
Financing By
