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Auto Service - Gas-Conv

Express Oil Change | 18 Years Remaining, NNN Lease

1199 GA-34, Newnan, GA 30265

Listing Price: $2,912,000

Cap Rate
6.50%
Tenant Name
Express Oil Change
Years Remaining On Lease
18.1
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.

Investment Highlights

  • 18 Years Remaining, Absolute NNN Lease with 7% Increases Every 5 Years
  • Corporate Guaranty by Mavis Tire Express with 2,000+ 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

  • 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 | 18 Years Remaining, NNN Lease

Listing Price: $2,912,000

Cap Rate
6.50%
Tenant Name
Express Oil Change
Years Remaining On Lease
18.1
Guarantor
Corporate Guarantee
Rentable SF
5,461
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.66

Investment Highlights

  • 18 Years Remaining, Absolute NNN Lease with 7% Increases Every 5 Years
  • Corporate Guaranty by Mavis Tire Express with 2,000+ 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

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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