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Auto Parts

Mavis Tires & Brakes Sale-Leaseback

157 Cooper Creek Dr, Mocksville, NC 27028

Listing Price: $3,035,714

Cap Rate
5.60%
Tenant Name
Mavis Tires & Brakes
Years Remaining On Lease
20.1
Gross SF
6,952
Guarantor
Corporate Guarantee
Rentable SF
6,952
Price/Gross SF
$436.67
Lease Type
Absolute Net
Rent Per Square Feet
$24.45

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.

Mocksville is a town in, and the county seat of, Davie County, North Carolina. It is located along I-40, which leads west to Statesville and Hickory and east to Winston-Salem and Greensboro. Mocksville is a vibrant community that offers a mix of small-town charm with a strategic location along major transportation corridors.

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
  • Adjacent to Walmart Supercenter and in Close Proximity to National Retailers: Lowe's Home Improvement, Tractor Supply Co, McDonald's, Burger King, and More
  • Immediate Access to the Interstate 40, Offering a Direct Route to Winston-Salem
  • New High-Quality 2025 Construction
  • Growing Trade Area in the Winston-Salem-Greensboro MSA

Exclusively Listed By

Broker of Record

  • Charles Gallagher

    Senior Director, Market Leader- Washington D.C./Virgina/Maryland

    (704) 831-4600

    License(s) NC: 351471

    North Carolina

Financing By

Auto Parts

Mavis Tires & Brakes Sale-Leaseback

Listing Price: $3,035,714

Cap Rate
5.60%
Tenant Name
Mavis Tires & Brakes
Years Remaining On Lease
20.1
Gross SF
6,952
Guarantor
Corporate Guarantee
Rentable SF
6,952
Price/Gross SF
$436.67
Lease Type
Absolute Net
Rent Per Square Feet
$24.45

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
  • Adjacent to Walmart Supercenter and in Close Proximity to National Retailers: Lowe's Home Improvement, Tractor Supply Co, McDonald's, Burger King, and More
  • Immediate Access to the Interstate 40, Offering a Direct Route to Winston-Salem
  • New High-Quality 2025 Construction
  • Growing Trade Area in the Winston-Salem-Greensboro 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. Mocksville is a town in, and the county seat of, Davie County, North Carolina. It is located along I-40, which leads west to Statesville and Hickory and east to Winston-Salem and Greensboro. Mocksville is a vibrant community that offers a mix of small-town charm with a strategic location along major transportation corridors.

Exclusively Listed By

Broker of Record

  • Charles Gallagher

    Senior Director, Market Leader- Washington D.C./Virgina/Maryland

    (704) 831-4600

    License(s): NC: 351471

    North Carolina

Financing By

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