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Mavis Discount Tire

630 Quintard Ave, Anniston, AL 36201

Listing Price: $1,626,040

Cap Rate
5.00%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
20.0
Gross SF
5,218
Guarantor
Corporate Guarantee
Rentable SF
5,218
Price/Gross SF
$311.62
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.58

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 630 Quintard Avenue, in Anniston, Alabama. The site consists of roughly 5,218 rentable square feet of building space on estimated 0.72-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 $81,302 and is scheduled to increase by five (5%) percent every five years. There are six , five-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 Every Five Years

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Auto Service - Gas-Conv

Mavis Discount Tire

Listing Price: $1,626,040

Cap Rate
5.00%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
20.0
Gross SF
5,218
Guarantor
Corporate Guarantee
Rentable SF
5,218
Price/Gross SF
$311.62
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.58

Investment Highlights

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

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 630 Quintard Avenue, in Anniston, Alabama. The site consists of roughly 5,218 rentable square feet of building space on estimated 0.72-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 $81,302 and is scheduled to increase by five (5%) percent every five years. There are six , five-year tenant renewal options.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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