Mavis Tire & Brakes
Retail | 5.65% CAP | 6,979 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Mavis Discount Tire located at 3545 Richland Avenue West, Aiken, SC 29801. The site consists of roughly 6,979 rentable square feet of building space on an estimated 1-acre parcel of land. Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $170,000 and has scheduled increases of 5.00% Every 5 Years.
Investment highlights
Excellent Corporate Guarantee from Leading Tire Retailer | The lease is backed by a strong corporate guarantee from Mavis Tire Express Services TopCo Corp, the largest tire service operator in the U.S. with over 3,000 locations. Mavis operates a highly diversified portfolio of brands, including Mavis Discount Tire, Express Oil Change, Brakes Plus, NTB, Tire Kingdom, Tuffy Tire, Midas, and Town Fair Tire.
Outparcel to Walmart Supercenter | The subject property is strategically positioned as an outparcel to a Walmart Supercenter, a major retail anchor that drives many consumers to the area. This Walmart places in the top 3rd for visits in South Carolina (via Placer.ai), highlighting the strength of the retail corridor.
Brand New Construction in Excellent Condition | The subject property is a brand-new build that finished construction at the end of 2024. This ensures that the site is up to the latest specifications of Mavis and is in excellent condition, positioning the location for long-term success.
Strong Positioning on Richland Avenue West | Richland Avenue West, or US-78, is one of the main throughways in the area and brings nearly 23,000 vehicles per day directly to the subject property. This ensures a consistent stream of consumers every day.
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