loader
Join Free
Views: 93 Updated: 01.14.24 Posted: 07.03.23 Status: Inactive

Summary

Price $5,020,400
Built/Renov 2022
Tenant Mavis Discount Tire
Cap Rate 4.90%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 8,820
Lease Start 12-01-2022
#Units 748
Price/SF $569.21
Expiration 12-01-2042
Tenant Type Automotive
NOI $246,000
R. Term 18.0
Ownership Fee Simple
Rent/SF $27.89
Increases 5.0%/4/yrs
Pop 5Mi 80,442
Lot/AC 1.38
Options 2/5yrs/5%
AHHI 5Mi $130,679

Lease Highlights

  • Brand new 2022 construction
  • Mavis Discount Tire has over 19 years remaining on the current lease term with 2 (5-year) options to extend
  • Lease features 5% rental increases every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Mavis Tire Express Services

Location Description

This newly constructed Mavis Discount Tire is located along Garnet Trail with access to over 34,000 vehicles per day. The site benefits from its immediate proximity to a newly constructed Publix-anchored center with tenants including Wawa, Walgreens, Domino’s, Panda Express and others. Additional national/credit tenants in the area include Starbucks, La Fitness, Panera Bread, Taco Bell, Slim...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Mavis Discount Tire
  • 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 one of the largest, independent, multi-brand tire dealers in the U.S.. Founded in 1972, the chain offers a menu of additional services including brakes,...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity