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Mavis Discount Tire

1601 E King Ave, Kingsland, GA 31548

Listing Price: $2,271,307

Cap Rate
5.50%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
20.0
Gross SF
6,137
Guarantor
Corporate Guarantee
Rentable SF
6,137
Price/Gross SF
$370.10
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.36

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 1601 E Kings Ave in Kingsland, Georgia. The site consists of roughly 6,137 rentable square feet of building space on estimated 1.13-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 $124,922 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
  • Six (6) Tenant Renewal Periods of Five (5) Years Each

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: $2,271,307

Cap Rate
5.50%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
20.0
Gross SF
6,137
Guarantor
Corporate Guarantee
Rentable SF
6,137
Price/Gross SF
$370.10
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.36

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
  • Six (6) Tenant Renewal Periods of Five (5) Years Each

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 1601 E Kings Ave in Kingsland, Georgia. The site consists of roughly 6,137 rentable square feet of building space on estimated 1.13-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 $124,922 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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