Mavis Tires & Brakes Sale Leaseback: Arab, AL
Retail | 6.00% CAP | 5,670 SqFt
Marketing description
As the exclusive advisor to Ownership, CBRE, Inc. is proud to offer qualified investors the opportunity to acquire, via long-term sale-leaseback, the recently constructed 5,670-square-foot Mavis Tires & Brakes (dba Express Oil Change) located at 926 North Brindlee Mountain Parkway, Arab, AL (the “Property”). Structured as a NNN lease with no landlord responsibilities, the Property will include a new 20-year lease to Mavis Tire Supply LLC (the “Tenant”) with six, 5-year options to renew. The lease will feature a 5% escalation every five years and all renewal options will be subject to the same 5% escalation at each onset. The Property will be sold at its development cost of $2,666,667 and investors are asked to bid the rent / capitalization rate as part of their offer.
Investment highlights
New 20-Year NNN Lease with Attractive Escalations: The Property will feature a 20-year initial term lease to Mavis Tire Supply LLC and will include 5% escalations every five years. The lease will include six, 5-year renewal options subject to the same escalation structure.
Brand New Construction Sold at Development Cost: The Property will be transacted at its development cost of $2,666,667 and investors are asked to bid the rent / capitalization rate. In addition to the known advantages of new construction, investors will benefit from knowing that their acquisition basis is equal to the Tenant’s cost basis.
NNN Lease with No Landlord Responsibilities
Central Location & Excellent Access: Mavis is situated between Huntsville and Birmingham. The Property is positioned directly off North Brindlee Mountain Parkway (16,500 VPD), where it is half a mile east of North Main Street (5,532 VPD).
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
