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Mavis Discount Tire

4385 Ogeechee Rd, Savannah, GA 31405

Listing Price: $3,558,261

Cap Rate
5.75%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
13.8
Gross SF
11,924
Guarantor
Corporate Guarantee
Rentable SF
11,924
Price/Gross SF
$298.41
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.16

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 4385 Ogeechee Road in Savannah, Georgia. The site consists of roughly 11,924 rentable square feet of building space on estimated 1.42 acre parcel of land.
This Mavis Discount Tire is subject to a 20-year Absolute Triple-Net (NNN) lease, which commenced on March 16, 2015. The annual rent is $204,600 and is scheduled to increase by ten (10%) percent every five (5) years. There are four (4), five (5)-year tenant renewal options.

Investment Highlights

  • Long Term 20-Year Lease with 15-Years Remaining
  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate Guarantee
  • Attractive Rental Increases of Ten Percent (10%) Every Five (5) Years
  • Four (4) 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: $3,558,261

Cap Rate
5.75%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
13.8
Gross SF
11,924
Guarantor
Corporate Guarantee
Rentable SF
11,924
Price/Gross SF
$298.41
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.16

Investment Highlights

  • Long Term 20-Year Lease with 15-Years Remaining
  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate Guarantee
  • Attractive Rental Increases of Ten Percent (10%) Every Five (5) Years
  • Four (4) 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 4385 Ogeechee Road in Savannah, Georgia. The site consists of roughly 11,924 rentable square feet of building space on estimated 1.42 acre parcel of land.
This Mavis Discount Tire is subject to a 20-year Absolute Triple-Net (NNN) lease, which commenced on March 16, 2015. The annual rent is $204,600 and is scheduled to increase by ten (10%) percent every five (5) years. There are four (4), 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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