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Auto Service - Gas-Conv

Express Oil Change & Tire Engineers

9875 Johnstown Rd, New Albany, OH 43054

Listing Price: $3,315,000

Cap Rate
6.00%
Tenant Name
Express Oil Change
Years Remaining On Lease
19.3
Gross SF
4,922
Guarantor
Corporate Guarantee
Rentable SF
4,922
Price/Gross SF
$673.51
Lease Type
Absolute Net
Rent Per Square Feet
$40.43

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale an Express Oil Change in New Albany, OH.

Investment Highlights

  • New 20 Year Absolute Triple-Net Lease with Attractive 10% Increases every 5 Years and 4 x 5 Year Options
  • Corporate Mavis Express Services Guaranty - Best in Class Guaranty - 1,995 Units Including all Express Oil Change (356 Locations), Brakes Plus (155 Locations), & Mavis Tires & Brakes (1,484 Locations)
  • New Construction Auto-Repair Building Delivered in 2022 with 6 Service Bays
  • Located in New Construction Grocery Anchored Retail Center, Aldi anchors the 2022 delivered center that also houses Dunkin' and a Sheetz Gas Station.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Auto Service - Gas-Conv

Express Oil Change & Tire Engineers

Listing Price: $3,315,000

Cap Rate
6.00%
Tenant Name
Express Oil Change
Years Remaining On Lease
19.3
Gross SF
4,922
Guarantor
Corporate Guarantee
Rentable SF
4,922
Price/Gross SF
$673.51
Lease Type
Absolute Net
Rent Per Square Feet
$40.43

Investment Highlights

  • New 20 Year Absolute Triple-Net Lease with Attractive 10% Increases every 5 Years and 4 x 5 Year Options
  • Corporate Mavis Express Services Guaranty - Best in Class Guaranty - 1,995 Units Including all Express Oil Change (356 Locations), Brakes Plus (155 Locations), & Mavis Tires & Brakes (1,484 Locations)
  • New Construction Auto-Repair Building Delivered in 2022 with 6 Service Bays
  • Located in New Construction Grocery Anchored Retail Center, Aldi anchors the 2022 delivered center that also houses Dunkin' and a Sheetz Gas Station.

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale an Express Oil Change in New Albany, OH.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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