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Auto Parts

Mavis Discount Tire & Brakes

929 Iris Dr SE, Conyers, GA 30094

Listing Price: $3,015,763

Cap Rate
6.75%
Tenant Name
Mavis Tire Supply, LLC
Years Remaining On Lease
3.4
Guarantor
Corporate Guarantee
Rentable SF
13,748
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.81

Investment Overview

Marcus & Millichap is pleased to present the exclusive net-lease offering for a Mavis Discount Tire & Brakes located at 929 Iris Drive SE in Conyers, Georgia. The site consists of roughly 13,748 rentable square feet of building space on estimated 1.43-acre parcel of land. This Mavis Discount Tire & Brakes is subject to a 20-year absolute triple-net (NNN) lease, which commenced September 19, 2005. The current annual rent is $203,564 and is scheduled to increase by eight percent (8%) in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Long-Term, Original 20-Year Absolute Triple Net (NNN) Lease
  • Corporate Guaranty by TBC Corporation
  • Approximately 3.5 Years Remaining

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

Auto Parts

Mavis Discount Tire & Brakes

Listing Price: $3,015,763

Cap Rate
6.75%
Tenant Name
Mavis Tire Supply, LLC
Years Remaining On Lease
3.4
Guarantor
Corporate Guarantee
Rentable SF
13,748
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.81

Investment Highlights

  • Long-Term, Original 20-Year Absolute Triple Net (NNN) Lease
  • Corporate Guaranty by TBC Corporation
  • Approximately 3.5 Years Remaining

Investment Overview

Marcus & Millichap is pleased to present the exclusive net-lease offering for a Mavis Discount Tire & Brakes located at 929 Iris Drive SE in Conyers, Georgia. The site consists of roughly 13,748 rentable square feet of building space on estimated 1.43-acre parcel of land. This Mavis Discount Tire & Brakes is subject to a 20-year absolute triple-net (NNN) lease, which commenced September 19, 2005. The current annual rent is $203,564 and is scheduled to increase by eight percent (8%) in each of the four (4), five (5)-year 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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