Listed by SURMOUNT
$2,631,579
Mavis Tires & Brakes
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 6,306
Cap Rate 5.70%
NOI $150,000
Tenancy Single
Brand/Tenant Express Oil, Mavis Discount Tires
Lease Type NNN
Lease Term 20
Remaining Term 20
Year Built 2023
Acreage 1.650
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 a Mavis Tires & Brakes located at 1590 Rome Highway, Cedartown, GA 30125. The site consists of roughly 6,306 rentable square feet of building space on an estimated 1.65-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 $150,000 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.
- Prime Location near Walmart Supercenter & The Home Depot | The subject property is situated across the street from a Walmart Supercenter and next to The Home Depot, major retail anchors that drive many consumers to the area. Other major tenants nearby include Chick-fil-A, McDonald’s, Tractor Supply, Wendy’s, Zaxby’s, and many more.
- New Construction in Excellent Condition | The subject property is a new build that finished construction at the end of 2023. This ensures that the site is up to the latest specifications of Mavis and is in excellent condition, positioning the location for long-term success.
- Strong Frontage on Rome Hwy | The property is strategically positioned along Rome Highway, one of the main throughways in town with excellent frontage, visibility, and accessibility. Rome Highway brings nearly 15,000 vehicles directly to the site daily.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,000.00
$12,500.00/mo
Valuation Metrics
0
DSCR
5.7%
Cap Rate
5.7%
ROI
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