Listed by SURMOUNT
$2,368,421
Express Oil Change
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 5,600
Cap Rate 5.70%
NOI $135,000
Tenancy Single
Brand/Tenant Express Oil, Mavis Discount Tires
Lease Type NNN
Lease Term 20
Remaining Term 20
Year Built 2024
Acreage 0.990
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition Sale for leaseback
Absolute NNN 20-Year Corporate Sale-Leasebacks
Marketing description
Surmount is pleased to present the exclusive listing for an Express Oil Change located at 7841 N Oak Trafficway, Kansas City, MO 64106. This 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 $135,000 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.
- Strong Demographics in Kansas City | There are over 8,900 individuals within a one-mile radius, over 73,000 individuals within a three-mile radius, and over 173,000 individuals within a five-mile radius of the subject property, benefitting from its location in Missouri’s most populous city.
- New Build in Robust Retail Pocket | The subject property finished construction in 2024, ensuring it is in excellent condition. The site benefits from its positioning right next to a Casey’s, and is surrounded by other national tenants such as Aldi, Sonic, Domino’s, and others.
- Internet-Resistant and Service-Oriented Use | Tire and auto service centers remain essential, in-person businesses that are largely immune to e-commerce disruption. As vehicles require routine maintenance and tire replacement, demand for these services continues to grow, making the asset type a reliable and resilient investment in any economic environment.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$135,000.00
$11,250.00/mo
Valuation Metrics
0
DSCR
5.7%
Cap Rate
5.7%
ROI
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