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Mavis Discount Tire

5410 Augusta Rd, Savannah, GA 31408

Listing Price: $3,551,374

Cap Rate
5.75%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
14.2
Gross SF
14,845
Guarantor
Corporate Guarantee
Rentable SF
14,845
Price/Gross SF
$239.23
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.76

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 5410 Augusta Road in Garden City, Georgia. The site consists of roughly 14,845 rentable square feet of building space on estimated 1.10 acre parcel of land.

This Mavis Discount Tire is subject to a 20-year Absolute Triple-Net (NNN) lease, which commenced on March 16, 2015. The annual rent is $204,204 and is scheduled to increase by ten (10%) percent every five (5) years. There are four (4), five (5)-year tenant renewal options.

Investment Highlights

  • Long Term 20-Year Lease with 15-Years Remaining
  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate Guarantee

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    License(s): GA: 252904

    Georgia

Auto Service - Gas-Conv

Mavis Discount Tire

Listing Price: $3,551,374

Cap Rate
5.75%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
14.2
Gross SF
14,845
Guarantor
Corporate Guarantee
Rentable SF
14,845
Price/Gross SF
$239.23
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.76

Investment Highlights

  • Long Term 20-Year Lease with 15-Years Remaining
  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate Guarantee

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 5410 Augusta Road in Garden City, Georgia. The site consists of roughly 14,845 rentable square feet of building space on estimated 1.10 acre parcel of land.

This Mavis Discount Tire is subject to a 20-year Absolute Triple-Net (NNN) lease, which commenced on March 16, 2015. The annual rent is $204,204 and is scheduled to increase by ten (10%) percent every five (5) years. There are four (4), five (5)-year tenant renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    License(s): GA: 252904

    Georgia

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