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Mavis Discount Tire

222 E Montgomery Cross Rd, Savannah, GA 31406

Listing Price: $3,840,000

Cap Rate
5.50%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
13.8
Guarantor
Corporate Guarantee
Rentable SF
8,883
Lease Type
Absolute Net
Rent Per Square Feet
$23.78

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 222 E Montgomery Cross Rd in Savannah, Georgia. The site consists of roughly 8.883 rentable square feet of building space on estimated 0.79 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 $211,200 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

  • Four (4) Tenant Renewal Periods of Five (5) Years Each
  • Long Term 20-Year Lease with 14-Years Remaining
  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate Guarantee
  • Attractive Rental Increases of Ten Percent (10%) 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: $3,840,000

Cap Rate
5.50%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
13.8
Guarantor
Corporate Guarantee
Rentable SF
8,883
Lease Type
Absolute Net
Rent Per Square Feet
$23.78

Investment Highlights

  • Four (4) Tenant Renewal Periods of Five (5) Years Each
  • Long Term 20-Year Lease with 14-Years Remaining
  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate Guarantee
  • Attractive Rental Increases of Ten Percent (10%) Every Five (5) Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 222 E Montgomery Cross Rd in Savannah, Georgia. The site consists of roughly 8.883 rentable square feet of building space on estimated 0.79 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 $211,200 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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