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Auto Parts

Mavis Discount Tire

12310 US-231, Meridianville, AL 35759

Listing Price: $2,600,000

Cap Rate
5.00%
Tenant Name
Mavis Tire Express Services Corp
Guarantor
Corporate Guarantee
Rentable SF
6,979
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.63

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 12310 Highway 231 in Meridianville, Alabama. The site consists of roughly 6,979 rentable square feet of building space on estimated 0.67 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 $130,000 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

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Listing Price: $2,600,000

Cap Rate
5.00%
Tenant Name
Mavis Tire Express Services Corp
Guarantor
Corporate Guarantee
Rentable SF
6,979
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.63

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 12310 Highway 231 in Meridianville, Alabama. The site consists of roughly 6,979 rentable square feet of building space on estimated 0.67 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 $130,000 and is scheduled to increase by five (5%) percent every five (5) years. There are six (6), five (5)-year tenant renewal options.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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