Auto Parts

Mavis Discount Tire

4318 Waters Ave, Savannah, GA 31404

Listing Price: $3,787,826

Cap Rate
5.75%
Tenant Name
Savannah Tire
Years Remaining On Lease
14.2
Gross SF
20,000
Guarantor
Corporate Guarantee
Rentable SF
20,000
Price/Gross SF
$189.39
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.89

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 4318 Waters Ave in Savannah, Georgia. The site consists of roughly 20,000 rentable square feet of building space on estimated 0.87 acre parcel of land.
This Mavis Discount Tire is subject to a 20-year Absolute Triple-Net lease, which commenced on March 16, 2015. The annual rent is $217,800 and is scheduled to increase by ten percent every five years. There are four, five-year tenant renewal options.

Investment Highlights

  • Long Term 20-Year Lease with 15-Years Remaining
  • Absolute Triple Net 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

Listing Price: $3,787,826

Cap Rate
5.75%
Tenant Name
Savannah Tire
Years Remaining On Lease
14.2
Gross SF
20,000
Guarantor
Corporate Guarantee
Rentable SF
20,000
Price/Gross SF
$189.39
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.89

Investment Highlights

  • Long Term 20-Year Lease with 15-Years Remaining
  • Absolute Triple Net 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 4318 Waters Ave in Savannah, Georgia. The site consists of roughly 20,000 rentable square feet of building space on estimated 0.87 acre parcel of land.
This Mavis Discount Tire is subject to a 20-year Absolute Triple-Net lease, which commenced on March 16, 2015. The annual rent is $217,800 and is scheduled to increase by ten percent every five years. There are four, five-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

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