Auto Service - Gas-Conv
Express Oil Change | New 20-Yr. Absolute NNN
601 Market Pl Blvd, Locust Grove, GA 30248
Listing Price: $3,072,000
Cap Rate
6.25%
Tenant Name
Express Oil Change
Years Remaining On Lease
18.0
Guarantor
Corporate Guarantee
Rentable SF
4,730
Lease Type
Absolute Net
Rent Per Square Feet
$40.59
Investment Overview
Marcus & Millichap is pleased to present the Express Oil Change in Locust Grove, GA.
Express Oil Change | New 20-Yr. Absolute NNN
Investment Highlights
- New 20-Year Absolute NNN Lease with 7% Increases Every 5 Years
- Corporate Guaranty by Mavis Tire Express with 1,500 Locations Across 27 States and $1.5 Billion in Revenue
- Baypine LP and Investors Recently Acquired Mavis in 2021, Reportedly Valued the Company at $6 Billion Including Debt
- Mavis Tire is the 2nd Largest Independent Tire Dealership Chain in the U.S.
- Strong Unit-Level Sales Resulting in a Highly Profitable Location
- Brand New High-Quality Construction with Six Service Bays
- Locust Grove is the Fastest Growing City in Henry County, One of the Fastest Growing Counties in the U.S.
- Surrounded by Affluent Communities, Average Household Income Exceeds $111,000 within 3 Miles
Exclusively Listed By
Broker of Record
Financing By
Auto Service - Gas-Conv
Express Oil Change | New 20-Yr. Absolute NNN
Listing Price: $3,072,000
Cap Rate
6.25%
Tenant Name
Express Oil Change
Years Remaining On Lease
18.0
Guarantor
Corporate Guarantee
Rentable SF
4,730
Lease Type
Absolute Net
Rent Per Square Feet
$40.59
Investment Highlights
- New 20-Year Absolute NNN Lease with 7% Increases Every 5 Years
- Corporate Guaranty by Mavis Tire Express with 1,500 Locations Across 27 States and $1.5 Billion in Revenue
- Baypine LP and Investors Recently Acquired Mavis in 2021, Reportedly Valued the Company at $6 Billion Including Debt
- Mavis Tire is the 2nd Largest Independent Tire Dealership Chain in the U.S.
- Strong Unit-Level Sales Resulting in a Highly Profitable Location
- Brand New High-Quality Construction with Six Service Bays
- Locust Grove is the Fastest Growing City in Henry County, One of the Fastest Growing Counties in the U.S.
- Surrounded by Affluent Communities, Average Household Income Exceeds $111,000 within 3 Miles
Investment Overview
Marcus & Millichap is pleased to present the Express Oil Change in Locust Grove, GA.
Exclusively Listed By
Broker of Record
Financing By
