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Auto Parts

Mavis Discount Tire

11044 Anderson Rd, Powdersville, SC 29673

Listing Price: $2,334,455

Cap Rate
5.50%
Tenant Name
Mavis Tire Express Services Corp
Years Remaining On Lease
19.2
Guarantor
Corporate Guarantee
Rentable SF
6,306
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.36

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 11044 Anderson Road in Piedmont, South Carolina. This Mavis Discount Tire is subject to a 20-year Absolute Triple-Net (NNN) lease, which commences upon close of escrow. The annual rent is $128,395 and is scheduled to increase by five (5%) percent every five (5) years. There are six (6), five (5)-year tenant renewal options.

Investment Highlights

  • Long Term 20-Year Sale-Leaseback
  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of Five Percent (5%) Every Five (5) Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Auto Parts

Mavis Discount Tire

Listing Price: $2,334,455

Cap Rate
5.50%
Tenant Name
Mavis Tire Express Services Corp
Years Remaining On Lease
19.2
Guarantor
Corporate Guarantee
Rentable SF
6,306
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.36

Investment Highlights

  • Long Term 20-Year Sale-Leaseback
  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of Five Percent (5%) Every Five (5) Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 11044 Anderson Road in Piedmont, South Carolina. This Mavis Discount Tire is subject to a 20-year Absolute Triple-Net (NNN) lease, which commences upon close of escrow. The annual rent is $128,395 and is scheduled to increase by five (5%) percent every five (5) years. There are six (6), five (5)-year tenant renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

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