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Auto Parts

Express Oil (Corporate 20 YR ABS. NNN)

101 12th St, Rincon, GA 31326

Listing Price: $2,799,608

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
$608.61
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.56

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.

Rincon is a city in Effingham County, Georgia, home to roughly 11,000 residents and part of the Savannah metropolitan area. Once a small, turn-of-the-century railroad town, Rincon now thrives as a vital part of Effingham County's economic growth and development.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 5% 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 within a Five-Mile Radius is Projected to Increase Approximately 9 - 11 Percent by 2027
  • Located Along a Dense Retail Corridor Anchored by Walmart, Lowe's Home Improvement, Kroger Marketplace, Tractor Supply Co, and Harbor Freight Tools
  • Situated in the Savannah MSA with 25,456 Residents in the Surrounding Area
  • Excellent Visibility Along South Columbia Ave with Over 33,700 Cars per Day

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: $2,799,608

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
$608.61
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.56

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 5% 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 within a Five-Mile Radius is Projected to Increase Approximately 9 - 11 Percent by 2027
  • Located Along a Dense Retail Corridor Anchored by Walmart, Lowe's Home Improvement, Kroger Marketplace, Tractor Supply Co, and Harbor Freight Tools
  • Situated in the Savannah MSA with 25,456 Residents in the Surrounding Area
  • Excellent Visibility Along South Columbia Ave with Over 33,700 Cars per Day

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. Rincon is a city in Effingham County, Georgia, home to roughly 11,000 residents and part of the Savannah metropolitan area. Once a small, turn-of-the-century railroad town, Rincon now thrives as a vital part of Effingham County's economic growth and development.

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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