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Auto Parts

Express Oil (Corporate 20 YR ABS. NNN)

1538 Eatonton Rd, Madison, GA 30650

Listing Price: $3,056,435

Cap Rate
6.50%
Tenant Name
Express Oil Change & Tire Engineers
Gross SF
4,600
Guarantor
Corporate Guarantee
Rentable SF
4,600
Price/Gross SF
$664.44
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.19

Investment Overview

Express Oil Change & Tire Engineers is an American automotive maintenance brand with services including its signature 10 minute oil change, in addition to full-service mechanical, tires, brakes, and more general service offerings. The brand operates 355 locations across 19 states. Mavis has been saving people money on tires for more than 50 years. While the company was founded as Mavis Tire Supply Corporation in 1972, its roots can be traced back to 1949.

Madison is a city in Morgan County, Georgia, home to roughly 4,500 people and part of the Atlanta-Athens-Clarke-Sandy Springs Combined Statistical Area. Madison is the seat of Morgan County and the site of the Morgan County Courthouse. Situated one hour east of Atlanta, Madison makes for a must-stop destination for history buffs, art lovers, and outdoor enthusiasts alike.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • Five Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
  • Express Oil Change Operates 355-Plus Locations Across 19 States
  • Population and Households in the Surrounding Area is Projected to Increase 9 Percent-Plus by 2027
  • Located in Beacon Heights Shopping Center, Anchored by Bealls, Ollie's Bargain Outlet, and Goodwill
  • Average Household Income Exceeds $100,000 within a One-Mile Radius
  • Situated Along a Dense Retail Corridor - Nearby Tenants Include Walmart, Lowe's Home Improvement, Harbor Freight Tools, Chick-fil-A, and Burger King

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 Parts

Express Oil (Corporate 20 YR ABS. NNN)

Listing Price: $3,056,435

Cap Rate
6.50%
Tenant Name
Express Oil Change & Tire Engineers
Gross SF
4,600
Guarantor
Corporate Guarantee
Rentable SF
4,600
Price/Gross SF
$664.44
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$43.19

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • Five Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
  • Express Oil Change Operates 355-Plus Locations Across 19 States
  • Population and Households in the Surrounding Area is Projected to Increase 9 Percent-Plus by 2027
  • Located in Beacon Heights Shopping Center, Anchored by Bealls, Ollie's Bargain Outlet, and Goodwill
  • Average Household Income Exceeds $100,000 within a One-Mile Radius
  • Situated Along a Dense Retail Corridor - Nearby Tenants Include Walmart, Lowe's Home Improvement, Harbor Freight Tools, Chick-fil-A, and Burger King

Investment Overview

Express Oil Change & Tire Engineers is an American automotive maintenance brand with services including its signature 10 minute oil change, in addition to full-service mechanical, tires, brakes, and more general service offerings. The brand operates 355 locations across 19 states. Mavis has been saving people money on tires for more than 50 years. While the company was founded as Mavis Tire Supply Corporation in 1972, its roots can be traced back to 1949. Madison is a city in Morgan County, Georgia, home to roughly 4,500 people and part of the Atlanta-Athens-Clarke-Sandy Springs Combined Statistical Area. Madison is the seat of Morgan County and the site of the Morgan County Courthouse. Situated one hour east of Atlanta, Madison makes for a must-stop destination for history buffs, art lovers, and outdoor enthusiasts alike.

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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