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Auto Parts

Mavis Tire – Absolute NNN 20 YR Sale-Leaseback (2,000+ Locations) – Wal-Mart Outparcel

2897 Emanuel Church Rd, West Columbia, SC 29170

Listing Price: $2,666,667

Cap Rate
6.00%
Tenant Name
Mavis Tires & Brakes
Years Remaining On Lease
20.1
Gross SF
9,979
Guarantor
Corporate Guarantee
Rentable SF
9,979
Price/Gross SF
$267.23
Lease Type
Absolute Net
Rent Per Square Feet
$16.03

Investment Overview

As the largest multi-brand tire dealer in the United States, Mavis operates over 2,000 service centers in 38 states under three operating formats: Mavis Tire, Express Oil Change & Tire Engineers, and Brakes Plus. Mavis generates approximately $2.4 billion in revenue annually. The Mavis brands are rapidly expanding with goals to add over 100 stores per year.

The Columbia metro contains the state capital and the University of South Carolina. As a result, the market has a growing and diverse economic base with a strong foundation in government, education and insurance.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Mavis Offers a Menu of Additional Services Including Brakes, Alignments, Oil Changes, Suspension, Shocks, Struts, Battery Replacement, and Exhaust Work
  • Mavis is One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
  • 81,465 Residents within a Five-Mile Radius - Growing Trade Area in the Columbia MSA

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Auto Parts

Mavis Tire – Absolute NNN 20 YR Sale-Leaseback (2,000+ Locations) – Wal-Mart Outparcel

Listing Price: $2,666,667

Cap Rate
6.00%
Tenant Name
Mavis Tires & Brakes
Years Remaining On Lease
20.1
Gross SF
9,979
Guarantor
Corporate Guarantee
Rentable SF
9,979
Price/Gross SF
$267.23
Lease Type
Absolute Net
Rent Per Square Feet
$16.03

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Mavis Offers a Menu of Additional Services Including Brakes, Alignments, Oil Changes, Suspension, Shocks, Struts, Battery Replacement, and Exhaust Work
  • Mavis is One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
  • 81,465 Residents within a Five-Mile Radius - Growing Trade Area in the Columbia MSA

Investment Overview

As the largest multi-brand tire dealer in the United States, Mavis operates over 2,000 service centers in 38 states under three operating formats: Mavis Tire, Express Oil Change & Tire Engineers, and Brakes Plus. Mavis generates approximately $2.4 billion in revenue annually. The Mavis brands are rapidly expanding with goals to add over 100 stores per year. The Columbia metro contains the state capital and the University of South Carolina. As a result, the market has a growing and diverse economic base with a strong foundation in government, education and insurance.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

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