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 2025
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 61370 Southgate Road, Cambridge, OH 43725. 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.
- Across the Street from Top-Performing Walmart Supercenter | The subject property is just steps away from a Walmart Supercenter that is ranked in the 85th percentile for visits in Ohio and is in the 77th percentile for visits nationwide, highlighting the strength of the trade area (via Placer.ai). This Walmart Supercenter serves as a retail anchor that drives many individuals to the immediate area.
- Strong Location on Southgate Road | The subject property is strategically positioned along Southgate Road, a major commercial corridor with traffic counts approaching 20,000 vehicles per day. Interstate 70 and Interstate 77 are also right nearby bringing an additional 50,000 vehicles to the immediate area daily.
- 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
$140,000.00
$11,666.67/mo
Valuation Metrics
0
DSCR
5.7%
Cap Rate
5.7%
ROI
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