Auto Service - Gas-Conv

Express Oil Change

Listing Price: $2,647,100

Cap Rate
5.67%
Tenant Name
Express Oil Change, LLC
Years Remaining On Lease
19.50
Gross SF
4,106
Guarantor
Corporate Guarantee
Rentable SF
4,106
Price/Gross SF
$644.69
Lease Type
Absolute Net
Rent Per Square Feet
$36.53

Investment Overview

Express Oil Change & Tire Engineers is an American automotive maintenance brand, with services including its signature 10 minute oil change, in addition to full-service mechanical, tires, brakes, and more general service offerings. As of January 2020, the company consists of 163 company-owned and 111 franchise-owned locations that span across 16 states.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 10% Rental Increases Every 5 Years
  • Lease is Backed by Mavis Tire Express Services, Corp.
  • 162,579 Residents within a 5-Mile Radius - Infill Jacksonville, Florida
  • Households Projected to Increase 7%+ in Surrounding Area by 2024

Exclusively Listed By

Auto Service - Gas-Conv

Express Oil Change

Listing Price: $2,647,100

Cap Rate
5.67%
Tenant Name
Express Oil Change, LLC
Years Remaining On Lease
19.50
Gross SF
4,106
Guarantor
Corporate Guarantee
Rentable SF
4,106
Price/Gross SF
$644.69
Lease Type
Absolute Net
Rent Per Square Feet
$36.53

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 10% Rental Increases Every 5 Years
  • Lease is Backed by Mavis Tire Express Services, Corp.
  • 162,579 Residents within a 5-Mile Radius - Infill Jacksonville, Florida
  • Households Projected to Increase 7%+ in Surrounding Area by 2024

Investment Overview

Express Oil Change & Tire Engineers is an American automotive maintenance brand, with services including its signature 10 minute oil change, in addition to full-service mechanical, tires, brakes, and more general service offerings. As of January 2020, the company consists of 163 company-owned and 111 franchise-owned locations that span across 16 states.

Exclusively Listed By

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