Auto Service - Gas-Conv
Express Oil Change | 20-Yr. NNN Lease
60 Willow Ln, McDonough (Atlanta MSA), GA 30253
Listing Price: $3,860,000
Cap Rate
6.05%
Tenant Name
Express Oil Change
Years Remaining On Lease
19.5
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.
Express Oil Change | 20-Yr. NNN Lease
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
Financing By
Auto Service - Gas-Conv
Express Oil Change | 20-Yr. NNN Lease
Listing Price: $3,860,000
Cap Rate
6.05%
Tenant Name
Express Oil Change
Years Remaining On Lease
19.5
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
Financing By
