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Express Oil Change

4184 Jiles Rd, Kennesaw, GA 30144

Listing Price: $2,713,454

Cap Rate
5.50%
Tenant Name
Express Oil Change & Tire Engineers
Years Remaining On Lease
20.0
Gross SF
4,825
Guarantor
Corporate Guarantee
Rentable SF
4,825
Price/Gross SF
$562.37
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.93

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Express Oil Change located at 4184 Jiles Road, in Kennesaw, Georgia. The site consists of roughly 4,825 rentable square feet of building space on estimated 1.10-acre parcel of land.

This Express Oil Change is subject to a 20-year Absolute Triple-Net (NNN) sale-leaseback, which will commence upon the close of escrow. The annual rent is $149,240 and is scheduled to increase by five percent (5%) 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

Auto Service - Gas-Conv

Express Oil Change

Listing Price: $2,713,454

Cap Rate
5.50%
Tenant Name
Express Oil Change & Tire Engineers
Years Remaining On Lease
20.0
Gross SF
4,825
Guarantor
Corporate Guarantee
Rentable SF
4,825
Price/Gross SF
$562.37
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.93

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 an Express Oil Change located at 4184 Jiles Road, in Kennesaw, Georgia. The site consists of roughly 4,825 rentable square feet of building space on estimated 1.10-acre parcel of land.

This Express Oil Change is subject to a 20-year Absolute Triple-Net (NNN) sale-leaseback, which will commence upon the close of escrow. The annual rent is $149,240 and is scheduled to increase by five percent (5%) 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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