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Auto Service - Gas-Conv

Express Oil Change

650 Thornton Rd, Lithia Springs, GA 30122

Listing Price: $3,245,000

Cap Rate
4.85%
Tenant Name
Express Oil Change
Years Remaining On Lease
20.3
Guarantor
Corporate Guarantee
Rentable SF
3,437
Lease Type
Absolute Net
Rent Per Square Feet
$45.79

Investment Overview

Marcus & Millichap is pleased to present the Express Oil Change in Lithia Springs, 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, 11% Year-Over-Year Growth
  • Serving Rapidly Growing Suburb Northwest of Atlanta, One of the Fastest-Growing MSA's in the U.S.
  • Highly Visible to Over 46,000 Cars/Day Along Major Commercial Artery
  • Just Off I-20 with 104,000 Cars/Day, Direct Access to Downtown Atlanta

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: $3,245,000

Cap Rate
4.85%
Tenant Name
Express Oil Change
Years Remaining On Lease
20.3
Guarantor
Corporate Guarantee
Rentable SF
3,437
Lease Type
Absolute Net
Rent Per Square Feet
$45.79

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, 11% Year-Over-Year Growth
  • Serving Rapidly Growing Suburb Northwest of Atlanta, One of the Fastest-Growing MSA's in the U.S.
  • Highly Visible to Over 46,000 Cars/Day Along Major Commercial Artery
  • Just Off I-20 with 104,000 Cars/Day, Direct Access to Downtown Atlanta

Investment Overview

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