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Auto Parts

Mavis Discount Tire

529 Ann St, Pickens, SC 29671

Listing Price: $2,780,000

Cap Rate
5.00%
Tenant Name
Mavis Southeast, LLC
Years Remaining On Lease
20.5
Gross SF
6,890
Guarantor
Corporate Guarantee
Rentable SF
6,890
Price/Gross SF
$403.48
Lease Type
Absolute Net
Rent Per Square Feet
$20.17

Investment Overview

NET LEASED INVESTMENT • Brand New Construction Mavis Discount Tire • Rare 20 Year Absolute NNN Lease | Zero Landlord Responsibilities • Attractive Rental Increases During Initial Term | Eight Percent (8%) Increase Every Five Years • Rental Increases During Initial Term = Hedge Against Inflation • Five, 5-Year Renewal Options | 10% Rent Increase with Each 5-Year Renewal BEST-IN-CLASS TENANT • Corporately Operated Location with Industry Leading Automotive Service Brand • 1,000+ Locations in 29 States and $1.5 Billion in Annual Revenue • Recession Resistant Business and an “Essential Business” IDEAL LOCATION • Adjacent to Busy Shopping Center with Dominant Regional Grocer • Upstate South Carolina | Greenville MSA • 20 Miles to Downtown Greenville and 20 Miles to Clemson University • Pickens is the County Seat of Pickens County, South Carolina • Pickens High School is 1 Mile Away (1,300+ Students)

Investment Highlights

  • Brand New Construction Mavis Discount Tire
  • Rare 20 Year Absolute NNN Lease | Zero Landlord Responsibilities
  • Attractive Rental Increases During Initial Term | Eight Percent (8%) Increase Every Five Years
  • Rental Increases During Initial Term = Hedge Against Inflation
  • Five, 5-Year Renewal Options | 10% Rent Increase with Each 5-Year Renewal

Exclusively Listed By

Auto Parts

Mavis Discount Tire

Listing Price: $2,780,000

Cap Rate
5.00%
Tenant Name
Mavis Southeast, LLC
Years Remaining On Lease
20.5
Gross SF
6,890
Guarantor
Corporate Guarantee
Rentable SF
6,890
Price/Gross SF
$403.48
Lease Type
Absolute Net
Rent Per Square Feet
$20.17

Investment Highlights

  • Brand New Construction Mavis Discount Tire
  • Rare 20 Year Absolute NNN Lease | Zero Landlord Responsibilities
  • Attractive Rental Increases During Initial Term | Eight Percent (8%) Increase Every Five Years
  • Rental Increases During Initial Term = Hedge Against Inflation
  • Five, 5-Year Renewal Options | 10% Rent Increase with Each 5-Year Renewal

Investment Overview

NET LEASED INVESTMENT • Brand New Construction Mavis Discount Tire • Rare 20 Year Absolute NNN Lease | Zero Landlord Responsibilities • Attractive Rental Increases During Initial Term | Eight Percent (8%) Increase Every Five Years • Rental Increases During Initial Term = Hedge Against Inflation • Five, 5-Year Renewal Options | 10% Rent Increase with Each 5-Year Renewal BEST-IN-CLASS TENANT • Corporately Operated Location with Industry Leading Automotive Service Brand • 1,000+ Locations in 29 States and $1.5 Billion in Annual Revenue • Recession Resistant Business and an “Essential Business” IDEAL LOCATION • Adjacent to Busy Shopping Center with Dominant Regional Grocer • Upstate South Carolina | Greenville MSA • 20 Miles to Downtown Greenville and 20 Miles to Clemson University • Pickens is the County Seat of Pickens County, South Carolina • Pickens High School is 1 Mile Away (1,300+ Students)

Exclusively Listed By

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