Listed by SURMOUNT
$2,982,456
Mavis Tires & Brakes Sale-Leaseback
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 6,979
Cap Rate 5.70%
NOI $170,000
Tenancy Single
Brand/Tenant Mavis Discount Tires
Lease Type NNN
Lease Term 20
Year Built 2025
Acreage 0.840
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Sale Condition Sale for leaseback
Absolute NNN 20-Year Corporate Sale-Leaseback
Marketing description
Surmount is pleased to present the exclusive listing for a Mavis Tires & Brakes located at 1675 U.S. 27, Carrollton, GA 30117. The site consists of roughly 6,979 rentable square feet of building space on an estimated 0.84-acre parcel of land. Mavis Tires & Brakes 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.
- Outstanding Location – Outparcel to Lowe’s | The subject property is strategically positioned as an outparcel to a Lowe’s, a major retail anchor that consistently drives traffic to the area, Additionally, there is a Walmart Supercenter positioned directly next door, and various other retailers nearby including a Buffalo Wild Wings, IHOP, Taco Bell, and more.
- Strong Frontage on US-27 | The subject property is situated on US-27, one of the main corridors in West Georgia. US-27 brings over 17,200 vehicles directly to the site daily, ensuring that there is steady traffic flow in the trade area.
- Proximity to University of West Georgia | Located just 3 miles away from the subject property, the University of West Georgia is a large public university with over 16,000 students enrolled, helping drive economic activity in Carrollton.
Listing Contacts
Listed by SURMOUNT
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,000.00
$14,166.67/mo
Valuation Metrics
0
DSCR
5.7%
Cap Rate
5.7%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
