Listed by SURMOUNT
$2,456,140
Express Oil Change
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 5,654
Cap Rate 5.70%
NOI $140,000
Tenancy Single
Brand/Tenant Express Oil, Mavis Discount Tires
Lease Type NNN
Lease Term 20
Remaining Term 20
Year Built 2024
Acreage 0.800
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 1072 North Saint Augustine Road, Valdosta, GA 31601. 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 $140,000 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.
- Exceptional Retail Corridor | The subject property is situated in an extremely dense retail corridor with national anchor tenants such as Walmart, Lowe’s, The Home Depot, Target, Sam’s Club, Kohl’s, Tractor Supply Co., and many others that consistently drive traffic in the area.
- High-Performing Tenants | The Lowe’s next door to the subject property places in the 88th percentile while the Walmart Supercenter nearby places in the 86th percentile for visits nationwide, highlighting the strength of the retail trade area.
- Robust Traffic Counts | The subject property is situated on Saint Augustine Rd, which brings over 13,800 vehicles to the site daily. Nearby Interstate 75 and Norman Dr bring another 70,000 vehicles to the immediate area every day, ensuring consistent traffic around the subject property.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,000.00
$11,666.67/mo
Valuation Metrics
0
DSCR
5.7%
Cap Rate
5.7%
ROI
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