Auto Service - Gas-Conv
Express Oil Change | NNN Lease, 18 Years Remaining
1479 Hudson Bridge Rd, Stockbridge, GA 30281
Listing Price: $2,251,000
Cap Rate
6.50%
Tenant Name
Express Oil Change
Years Remaining On Lease
17.3
Guarantor
Corporate Guarantee
Rentable SF
3,754
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.98
Investment Overview
Marcus & Millichap is pleased to present the Express Oil Change in Stockbridge, GA.
Express Oil Change | NNN Lease, 18 Years Remaining
Investment Highlights
- 18 Years Remaining, Absolute NNN Lease with 7% Increases Every 5 Years
- Corporate Guaranty by Mavis Tire Express with 2,000+ 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, 34% Year-Over-Year Sales Growth
- Serving Rapidly Growing Suburb in South Metro Atlanta, One of the Fastest-Growing MSA's in the U.S.
- Surrounded by Affluent Communities, Average Household Income Exceeds $98,000 within 1-Mile and $100,000 within 3 Miles
- Highly Visible to Over 35,000 Cars/Day Along Major Commercial Artery
Exclusively Listed By
Broker of Record
Financing By
Auto Service - Gas-Conv
Express Oil Change | NNN Lease, 18 Years Remaining
Listing Price: $2,251,000
Cap Rate
6.50%
Tenant Name
Express Oil Change
Years Remaining On Lease
17.3
Guarantor
Corporate Guarantee
Rentable SF
3,754
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.98
Investment Highlights
- 18 Years Remaining, Absolute NNN Lease with 7% Increases Every 5 Years
- Corporate Guaranty by Mavis Tire Express with 2,000+ 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, 34% Year-Over-Year Sales Growth
- Serving Rapidly Growing Suburb in South Metro Atlanta, One of the Fastest-Growing MSA's in the U.S.
- Surrounded by Affluent Communities, Average Household Income Exceeds $98,000 within 1-Mile and $100,000 within 3 Miles
- Highly Visible to Over 35,000 Cars/Day Along Major Commercial Artery
Investment Overview
Marcus & Millichap is pleased to present the Express Oil Change in Stockbridge, GA.
Exclusively Listed By
Broker of Record
Financing By
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