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Auto Service - Gas-Conv

Express Oil Change

60 Willow Ln, McDonough (Atlanta MSA), GA 30253

Listing Price: $4,671,000

Cap Rate
5.00%
Tenant Name
Express Oil Change
Years Remaining On Lease
20.1
Guarantor
Corporate Guarantee
Rentable SF
6,664
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.04

Investment Overview

Marcus & Millichap is pleased to present the Express Oil Change in McDonough, GA.

Investment Highlights

  • New 20-Year Absolute NNN Lease with 7% Increases Every 5 Years
  • Corporate Guaranty by Mavis Tire Express with 1,500 Locations Nationwide 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.
  • High-Performing Store with Strong Unit-Level Sales, 26% Year-Over-Year Growth
  • Strategic Location, Situated in Atlanta's Fastest-Growing Suburb Just 27 Miles Southeast of Downtown Atlanta
  • Average Household Income Exceeds $83,000 within 3 Miles and $99,000 within 5 Miles
  • Just Off I-75 with 146,000 Cars/Day, the Main Artery Serving the Retail Corridor in Fayette County

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: $4,671,000

Cap Rate
5.00%
Tenant Name
Express Oil Change
Years Remaining On Lease
20.1
Guarantor
Corporate Guarantee
Rentable SF
6,664
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.04

Investment Highlights

  • New 20-Year Absolute NNN Lease with 7% Increases Every 5 Years
  • Corporate Guaranty by Mavis Tire Express with 1,500 Locations Nationwide 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.
  • High-Performing Store with Strong Unit-Level Sales, 26% Year-Over-Year Growth
  • Strategic Location, Situated in Atlanta's Fastest-Growing Suburb Just 27 Miles Southeast of Downtown Atlanta
  • Average Household Income Exceeds $83,000 within 3 Miles and $99,000 within 5 Miles
  • Just Off I-75 with 146,000 Cars/Day, the Main Artery Serving the Retail Corridor in Fayette County

Investment Overview

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