Express Oil Change Sale-Leaseback
Absolute NNN 20-Year Corporate Sale-Leaseback
Marketing description
Surmount is pleased to present the exclusive listing for an Express Oil Change located at 16515 U.S. 331, Freeport, FL 32439. The site consists of roughly 5,673 rentable square feet of building space on an estimated 1.71-acre parcel of land. Express Oil Change is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $200,000 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.
Income Tax-Free State | The property benefits from its location in Florida, an income tax-free state. Ownership of an asset in an income tax-free state can provide several benefits to landlords, providing greater incentive for investment. Discuss with a Certified Public Accountant for further details.
Growing Area | The subject property is situated in a growing part of Florida, with expected population growth of 2.20% within a three-mile and five-mile radius of the site. These strong projected growth trends make this area attractive for real estate investment.
Brand New Construction on Oversized Lot | The subject property is a brand-new build that finished construction in 2025, ensuring that the site is up to the latest specifications and is in excellent condition. The site’s positioning on an estimated 1.71 acres of land further adds to its appeal.
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