Auto Service - Gas-Conv
Express Oil Change
1199 GA-34, Newnan, GA 30265
Listing Price: $3,154,000
Cap Rate
6.00%
Tenant Name
Express Oil Change
Years Remaining On Lease
19.0
Guarantor
Corporate Guarantee
Rentable SF
5,461
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.66
Investment Overview
Marcus & Millichap is pleased to present the Express Oil Change in Newnan, GA.
Express Oil Change
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.
- Strong Unit-Level Sales, 21% Year-Over-Year Growth
- Serving Over 55,000 Residents in Rapidly Expanding Atlanta Suburb, 35 Miles Southwest of Downtown Atlanta
- Over 1,500 Single-Family Homes and 300 Multi-Family Units Under Construction in Immediate Trade Area
- Average Household Income Exceeds $71,000 within 3 Miles and $77,000 within 5 Miles
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $3,154,000
Cap Rate
6.00%
Tenant Name
Express Oil Change
Years Remaining On Lease
19.0
Guarantor
Corporate Guarantee
Rentable SF
5,461
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.66
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.
- Strong Unit-Level Sales, 21% Year-Over-Year Growth
- Serving Over 55,000 Residents in Rapidly Expanding Atlanta Suburb, 35 Miles Southwest of Downtown Atlanta
- Over 1,500 Single-Family Homes and 300 Multi-Family Units Under Construction in Immediate Trade Area
- Average Household Income Exceeds $71,000 within 3 Miles and $77,000 within 5 Miles
Investment Overview
Marcus & Millichap is pleased to present the Express Oil Change in Newnan, GA.
Exclusively Listed By
Broker of Record
Financing By
