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Auto Parts

Express Oil (Corporate 20 YR ABS. NNN)

2006 US-82, Tifton, GA 31794

Listing Price: $3,035,597

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
$659.91
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.89

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.

Known as the "Friendly City," Tifton is the county seat of Tift County in Georgia and is home to more than 17,000 residents. The city is conveniently located just off Interstate 75, Highway 82, Highway 319, and U.S. 41. Tifton is a growing leisure destination in the heart of South Georgia. The city is just a 2.5-hour drive from Atlanta and Jacksonville, and a 2-hour drive from Tallahassee.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 5 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 Immediate Area is Projected to Increase 7 Percent-Plus by 2027
  • Outparcel to Lowe's Home Improvement and Surrounded by National Tenants: Walmart, Hobby Lobby, Goodwill, Planet Fitness, McDonald's, and More
  • Easily Accessible by 28,100 Cars per Day Along U.S. Highway 82
  • Average Household Income Exceeds $88,000 within a One-Mile Radius

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: $3,035,597

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
$659.91
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.89

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 5 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 Immediate Area is Projected to Increase 7 Percent-Plus by 2027
  • Outparcel to Lowe's Home Improvement and Surrounded by National Tenants: Walmart, Hobby Lobby, Goodwill, Planet Fitness, McDonald's, and More
  • Easily Accessible by 28,100 Cars per Day Along U.S. Highway 82
  • Average Household Income Exceeds $88,000 within a One-Mile Radius

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. Known as the "Friendly City," Tifton is the county seat of Tift County in Georgia and is home to more than 17,000 residents. The city is conveniently located just off Interstate 75, Highway 82, Highway 319, and U.S. 41. Tifton is a growing leisure destination in the heart of South Georgia. The city is just a 2.5-hour drive from Atlanta and Jacksonville, and a 2-hour drive from Tallahassee.

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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