Express Oil Change

101 12th Street, Rincon, GA 31326

$2,799,608

Cap Rate 6.50%

Views: 30 DOM: 53 Updated: 04.22.24 Posted: 03.25.24 Status: Active

Summary

Price $2,799,608	Built/Renov 2023	Tenant Express Oil Change
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 4,600	Lease Start 05-01-2024	#Units 355
Price/SF $608.61	Expiration 04-30-2044	Tenant Type Automotive
NOI $181,975	R. Term 19.11	Ownership Fee Simple
Rent/SF $39.56	Increases 5.0%/5/yrs	Pop 5Mi 25,456
Lot/AC 2.00	Options 6/5yrs/5%	AHHI 5Mi $89,698

Lease Highlights

Brand-new 2023 construction
Express Oil Change to sign a new 20-year lease with 6 (5-year) options to extend upon close of escrow
The lease features 5% rental increases every 5 years
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Express Oil Change is strategically located on S Columbia Avenue, with access to 33,700 vehicles passing by daily. The property is positioned along a dense retail corridor anchored by Walmart, Lowe's Home Improvement, Kroger Marketplace, Tractor Supply Co, Harbor Freight Tools, and more. Additionally, it is conveniently located just 13 miles from Savannah/Hilton Head International Airport. The...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Major MSA
Population increase trend
Brand new lease
Long 20+ yr lease
Absolute NNN
Corporate Guarantee

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Links

Express Oil Change Wikipedia Express Oil Change Wikipedia Rincon, Georgia Zip Code 31326 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Express Oil Change
Guarantor:Corporate
Company:BayPine LP
# Units:355
Stock:Private

About Tenant

Express Oil Change & Tire Engineers is an American automotive maintenance brand, with services including its signature 10-minute oil change, in addition to full-service mechanical, tires, brakes,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	4,901	17,726	30,341
2023 Total Population :	4,620	16,894	28,470
2023 Employed Civilian Pop :	2,374	8,440	14,287
2023 Total Businesses :	154	550	765
2023 Average Household Income :	$ 88,462	$ 90,274	$ 93,628
2023 Total Consumer Spending :	$ 134 M	$ 493 M	$ 842 M
2023 Median Age :	37	37	37
2023 Total Households :	1,761	6,340	10,431
2023 Pop Age 25+: Bachelor's Degree :	585	2,369	3,733
2023 Average Home Value :	$ 244,800	$ 254,085	$ 254,146

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N Columbia Ave	E Ninth St	2012	22,190	0.04 mi
North Columbia Avenue	W Sixth St	2018	23,400	0.24 mi
North Columbia Avenue		2019	23,600	0.24 mi
Columbia Ave	E Tenth St	2012	27,400	0.27 mi
Carolina Avenue	W Fourteenth St	2018	400	0.34 mi
Carolina Avenue		2019	600	0.34 mi
W Ninth St	Blandford Village	2012	5,440	0.38 mi
West Ninth Street	Pine Manor Apartment	2018	6,470	0.49 mi
West Ninth Street		2019	6,600	0.49 mi
Columbia Avenue		2019	32,600	0.55 mi

Listing Broker

Chris Lind

Marcus & Millichap: NLAG

Contact

162 Listings
6470 Views
73 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

163 Listings
6538 Views
74 Sold

Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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