Auto Parts
Mavis Tires & Brakes Sale-Leaseback
1101 S Chapel St, Kannapolis (Charlotte MSA), NC 28083
Listing Price: $2,566,372
Investment Overview
As the largest multi-brand tire dealer in the United States, Mavis operates over 3,500 service centers throughout the United States under a variety of operating formats, including: 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 100+ stores per year.
Kannapolis, North Carolina is a growing city located in Cabarrus and Rowan counties, just northeast of Charlotte in the Charlotte metropolitan area. Kannapolis is home to the North Carolina Research Campus, a nationally recognized hub for food, nutrition, and biotechnology research that brings together universities, private companies, and research organizations.
Mavis Tires & Brakes Sale-Leaseback
Investment Highlights
- Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
- 5% 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 3,500 Service Centers Throughout the U.S.
- Positioned Along North Cannon Blvd (US Highway 29), a Primary Commercial Thoroughfare Serving Kannapolis and the Greater Concord Market
- Growing Charlotte MSA with 67,451 Residents within a Five-Mile Radius
- Minutes from the Revitalized Downtown Kannapolis District, Home to the 350-Acre North Carolina Research Campus
- Convenient Access to Interstate 85, Connecting Kannapolis to Charlotte, Concord, Salisbury, and the Greater Piedmont Region
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- North Carolina
Financing By
Auto Parts
Mavis Tires & Brakes Sale-Leaseback
Listing Price: $2,566,372
Investment Highlights
- Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
- 5% 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 3,500 Service Centers Throughout the U.S.
- Positioned Along North Cannon Blvd (US Highway 29), a Primary Commercial Thoroughfare Serving Kannapolis and the Greater Concord Market
- Growing Charlotte MSA with 67,451 Residents within a Five-Mile Radius
- Minutes from the Revitalized Downtown Kannapolis District, Home to the 350-Acre North Carolina Research Campus
- Convenient Access to Interstate 85, Connecting Kannapolis to Charlotte, Concord, Salisbury, and the Greater Piedmont Region
Investment Overview
As the largest multi-brand tire dealer in the United States, Mavis operates over 3,500 service centers throughout the United States under a variety of operating formats, including: 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 100+ stores per year. Kannapolis, North Carolina is a growing city located in Cabarrus and Rowan counties, just northeast of Charlotte in the Charlotte metropolitan area. Kannapolis is home to the North Carolina Research Campus, a nationally recognized hub for food, nutrition, and biotechnology research that brings together universities, private companies, and research organizations.
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- North Carolina
Financing By
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