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Mavis Discount Tire

406 Grayson Hwy, Lawrenceville, GA 30046

Listing Price: $1,862,090

Cap Rate
5.50%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
20.0
Gross SF
5,583
Guarantor
Corporate Guarantee
Rentable SF
5,583
Price/Gross SF
$333.53
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.34

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 406 Grayson Highway in Lawrenceville, Georgia. The site consists of roughly 5,583 rentable square feet of building space on estimated 0.63-acre parcel of land.

This Mavis Discount Tire is subject to a 20-year Absolute Triple-Net (NNN) lease, which commences upon close of escrow. The annual rent is $102,415 and is scheduled to increase by five (5%) percent every five (5) years. There are six (6), five (5)-year tenant renewal options.

Investment Highlights

  • Long Term 20-Year Sale-Leaseback
  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of Five Percent (5%) Every Five (5) Years

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

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $1,862,090

Cap Rate
5.50%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
20.0
Gross SF
5,583
Guarantor
Corporate Guarantee
Rentable SF
5,583
Price/Gross SF
$333.53
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.34

Investment Highlights

  • Long Term 20-Year Sale-Leaseback
  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of Five Percent (5%) Every Five (5) Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 406 Grayson Highway in Lawrenceville, Georgia. The site consists of roughly 5,583 rentable square feet of building space on estimated 0.63-acre parcel of land.

This Mavis Discount Tire is subject to a 20-year Absolute Triple-Net (NNN) lease, which commences upon close of escrow. The annual rent is $102,415 and is scheduled to increase by five (5%) percent every five (5) years. There are six (6), 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

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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