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Auto Parts

Mavis Tires & Brakes Sale-Leaseback

301 Lexington Ave, Chapin, SC 29036

Listing Price: $3,274,336

Cap Rate
5.65%
Tenant Name
Mavis Tires & Brakes
Years Remaining On Lease
20.2
Gross SF
6,730
Guarantor
Corporate Guarantee
Rentable SF
6,730
Price/Gross SF
$486.53
Lease Type
Absolute Net
Rent Per Square Feet
$27.49

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.

Chapin, known as the "Capital of Lake Murray," is a small lake town located at the northern tip of Lexington County, South Carolina. Chapin is a suburb of Columbia, situated approximately 24 miles northwest of the city center.

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
  • Situated in the Columbia MSA - Approximately 22,623 Residents within a Five-Mile Radius

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Managing Director, Market Leader - Carolinas

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Auto Parts

Mavis Tires & Brakes Sale-Leaseback

Listing Price: $3,274,336

Cap Rate
5.65%
Tenant Name
Mavis Tires & Brakes
Years Remaining On Lease
20.2
Gross SF
6,730
Guarantor
Corporate Guarantee
Rentable SF
6,730
Price/Gross SF
$486.53
Lease Type
Absolute Net
Rent Per Square Feet
$27.49

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
  • Situated in the Columbia MSA - Approximately 22,623 Residents within a Five-Mile Radius

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. Chapin, known as the "Capital of Lake Murray," is a small lake town located at the northern tip of Lexington County, South Carolina. Chapin is a suburb of Columbia, situated approximately 24 miles northwest of the city center.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Managing Director, Market Leader - Carolinas

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

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