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Auto Parts

Mavis Discount Tire

875 Buford Dr, Lawrenceville, GA 30043

Listing Price: $2,438,000

Cap Rate
7.50%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
3.1
Gross SF
6,468
Guarantor
Corporate Guarantee
Rentable SF
6,468
Price/Gross SF
$376.93
Lease Type
Absolute Net
Rent Per Square Feet
$28.27

Investment Overview

Marcus & Millichap has been exclusively retained to offer for purchase this 6,468 square foot, Mavis Discount Tire location in Lawrenceville, GA. The site was an original build to suit location in 1999 for Kauffman Tire, which was acquired by Mavis in 2018. The tenant is currently in their first option, which was automatically extended with no push back on the rent in increase. They still have another three 5-Year options to extend that include 7% increases. The subject property is located in Lawrenceville, GA directly on Buford Drive which boasts over 40,000 vehicles per day (VPD) and is just off of University Parkway that has almost 80,000 VPD. The location has strong surrounding real estate including QuikTrip, McDonald's, Ace Hardware, U-Haul, as well as many others. It is conveniently located a little over a mile from Georgia Gwinnett College, the nations first four-year public college created in the 21st Century and Georgia's first four-year public college established in over 100 years. It is also about 5 minutes from Gwinnett County Airport. The city of Lawrenceville, Georgia is about 32 miles northeast of Atlanta, Georgia. Some of the city's most popular tourist attractions are located in downtown Atlanta's walkable attractions loop, including World of Coca-Cola, Georgia Aquarium, Center for Civil and Human Rights, Inside CNN Studio Tour, The Children's Museum of Atlanta and SkyView Atlanta. Or get back to nature at other top Atlanta attractions beyond downtown such as Zoo Atlanta and Stone Mountain Park.

Investment Highlights

  • Absolute Net Lease - No Landlord Responsibilities
  • Second Largest Independent Tire Dealership Chain in US
  • Three 5-Year Options Remaining with Increases
  • Highly Trafficked Location - Over 40,000 VPD
  • Strong Atlanta MSA - Lawrenceville, GA

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $2,438,000

Cap Rate
7.50%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
3.1
Gross SF
6,468
Guarantor
Corporate Guarantee
Rentable SF
6,468
Price/Gross SF
$376.93
Lease Type
Absolute Net
Rent Per Square Feet
$28.27

Investment Highlights

  • Absolute Net Lease - No Landlord Responsibilities
  • Second Largest Independent Tire Dealership Chain in US
  • Three 5-Year Options Remaining with Increases
  • Highly Trafficked Location - Over 40,000 VPD
  • Strong Atlanta MSA - Lawrenceville, GA

Investment Overview

Marcus & Millichap has been exclusively retained to offer for purchase this 6,468 square foot, Mavis Discount Tire location in Lawrenceville, GA. The site was an original build to suit location in 1999 for Kauffman Tire, which was acquired by Mavis in 2018. The tenant is currently in their first option, which was automatically extended with no push back on the rent in increase. They still have another three 5-Year options to extend that include 7% increases. The subject property is located in Lawrenceville, GA directly on Buford Drive which boasts over 40,000 vehicles per day (VPD) and is just off of University Parkway that has almost 80,000 VPD. The location has strong surrounding real estate including QuikTrip, McDonald's, Ace Hardware, U-Haul, as well as many others. It is conveniently located a little over a mile from Georgia Gwinnett College, the nations first four-year public college created in the 21st Century and Georgia's first four-year public college established in over 100 years. It is also about 5 minutes from Gwinnett County Airport. The city of Lawrenceville, Georgia is about 32 miles northeast of Atlanta, Georgia. Some of the city's most popular tourist attractions are located in downtown Atlanta's walkable attractions loop, including World of Coca-Cola, Georgia Aquarium, Center for Civil and Human Rights, Inside CNN Studio Tour, The Children's Museum of Atlanta and SkyView Atlanta. Or get back to nature at other top Atlanta attractions beyond downtown such as Zoo Atlanta and Stone Mountain Park.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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