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.
Express Oil Change
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
Financing By
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
Financing By
