Mavis Tires & Brakes

161 Jim Wilson Road, Indian Land, SC 29707

$2,747,000

Cap Rate 6.25%

Views: 19 DOM: 31 Updated: 04.16.24 Posted: 04.16.24 Status: Active

Summary

Price $2,747,000	Built/Renov 2019	Tenant Mavis Tires & Brakes
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Corp Rated
Size/SF 7,348	Lease Start 12-11-2019	#Units 748
Price/SF $373.84	Expiration 12-31-2034	Tenant Type Automotive
NOI $171,682	R. Term 10.7	Ownership Fee Simple
Rent/SF $23.36	Increases 7.5%/5/yrs	Pop 5Mi 71,090
Lot/AC 1.41	Options 5/5yrs/7.5%	AHHI 5Mi $153,171

Lease Highlights

Mavis Tires & Brakes has 10+ years remaining on the current lease term with 5 (5-year) options to extend
The lease features 7.5% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Mavis Tires & Brakes strategically located on Jim Wilson Road, with access to 6,500 vehicles passing by daily. Situated just a few feet from its intersection with Charlotte Highway, which sees 30,800 VPD, the property boasts exceptional visibility and accessibility. Furthermore, it serves as an outparcel to The Promenade at Carolina Reserve, a super-regional power center housing rwell-known...

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Key Features

Build to suit
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Top 100 MSA
Affluent AHHI $100K 5 Mi
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Credit rated company

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Links

Mavis Tires & Brakes Wikipedia Fort Mill, South Carolina Zip Code 29707 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Mavis Tires & Brakes
Guarantor:Corp Rated
Company:Mavis Tire Express Services
# Units:748
Tenant S&P: B-
Moody’s: B3
Stock:Private

About Tenant

Mavis Discount Tire (“Mavis”) is an independent American tire dealer and automotive service chain. Founded in 1972, the chain offers additional services including brakes, alignments, suspension,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	5,492	31,584	75,356
2023 Total Population :	5,146	29,591	70,819
2023 Employed Civilian Pop :	1,892	10,946	30,054
2023 Total Businesses :	127	372	1,217
2023 Average Household Income :	$ 126,149	$ 139,583	$ 152,846
2023 Total Consumer Spending :	$ 237 M	$ 1442 M	$ 3292 M
2023 Median Age :	51	47	41
2023 Total Households :	2,214	12,114	25,290
2023 Pop Age 25+: Bachelor's Degree :	1,145	7,927	18,102
2023 Average Home Value :	$ 391,501	$ 397,024	$ 453,433

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Van Wyck Rd	Charlotte Hwy	2014	1,300	0.55 mi
Jim Wilson Road	Roxbourgh St	2021	6,600	0.63 mi
Jim Wilson Road	Dale Ln	2022	6,500	0.63 mi
Shelley Mullis Road	Rising Sun Ln	2022	6,700	1.39 mi
Charlotte Highway	Charles Pettus Rd	2021	21,400	1.41 mi
Charlotte Highway	Van Wyck Rd	2022	20,500	1.41 mi
Doby Bridge Rd	Dave Williams Rd	2017	5,400	1.91 mi
Charlotte Highway	Matter Ln	2022	30,800	1.92 mi
Dobys Bridge Road	Dave Williams Rd	2022	10,400	1.96 mi
Waxhaw Hwy	Cross Creek Ests Rd	2017	5,800	2.36 mi

Listing Broker

Thomas Carr

CBRE: NLP Atlanta

Contact

125 Listings
6078 Views
44 Sold

Chris Bosworth

CBRE

Contact

121 Listings
5959 Views
43 Sold

Thomas Carr

Thomas Carr is an Senior Investment Sales Analyst with CBRE’s Net Lease Property Group. As a member of the team led by Chris Bosworth and Will Pike, Mr. Carr plays an integral role in all aspects of the group’s property valuation, underwriting, and marketing efforts. He is also actively involved in marketing the team’s disposition assignments, specializing in single-tenant assets, national net-lease portfolios, and corporate sale-leasebacks, as well as advising 1031 exchange buyers. Mr. Carr

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Chris Bosworth

Chris Bosworth is a Vice Chairman and Managing Director of the CBRE Net Lease Property Group and Corporate Capital Markets practice. Mr. Bosworth’s focus is to advise institutions, private equity firms, REITs, developers and corporate users regarding all facets of net-leased properties. In his career, Mr. Bosworth and his partners, Will Pike and Brian Pfohl, have been responsible for the disposition of 3,900 transactions valued in excess of $29 billion. Mr. Bosworth and Mr. Pike co-head the

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Brian Pfohl

CBRE: NLP Atlanta

Contact

122 Listings
6001 Views
41 Sold

Brian Pfohl

Brian Pfohl is an Executive Vice President with CBRE’s Net Lease Property and Corporate Capital Markets practice groups. Mr. Pfohl’s singular focus is to advise corporate users, institutions, private equity firms, REITs, developers, and private individuals regarding all facets of net-leased properties. Mr. Pfohl’s expertise stems from the myriad of sale-leaseback transactions, net lease investment sales, programmatic portfolio dispositions, and advisement assignments he has completed throughout

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