Auto Service - Gas-Conv
Express Oil Change & Tire Engineers
9875 Johnstown Rd, New Albany, OH 43054
Listing Price: $3,790,000
Cap Rate
5.25%
Tenant Name
Express Oil Change
Years Remaining On Lease
19.9
Gross SF
4,922
Guarantor
Corporate Guarantee
Rentable SF
4,922
Price/Gross SF
$770.01
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.
Express Oil Change & Tire Engineers
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
Listing Price: $3,790,000
Cap Rate
5.25%
Tenant Name
Express Oil Change
Years Remaining On Lease
19.9
Gross SF
4,922
Guarantor
Corporate Guarantee
Rentable SF
4,922
Price/Gross SF
$770.01
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
