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Express Oil Change 601 Market Plz

4,730 SF Retail Building Locust Grove, GA 30248 £2,403,686 (£508/SF) 6.25% Net Initial Yield

Investment Highlights

  • 18 Years Remaining, Absolute NNN Lease with 7% Increases Every 5 Years
  • Baypine LP and Investors Recently Acquired Mavis in 2021, Reportedly Valued the Company at $6 Billion Including Debt
  • Strong Unit-Level Sales Resulting in a Highly Profitable Location
  • Corporate Guaranty by Mavis Tire Express with 2,000+ Locations Across 27 States and $1.5 Billion in Revenue
  • Mavis Tire is the 2nd Largest Independent Tire Dealership Chain in the U.S.
  • Brand New High-Quality Construction with Six Service Bays

Property Facts

Sale Type
Investment NNN
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,730 SF
Building Class
C
Year Built
2021
Price
£2,403,686
Price Per SF
£508
Net Initial Yield
6.25%
NOI
£150,230
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
1.70 AC
Zoning
C - 1000 - Commercial
Frontage
259 ft on Market Place Boulevard

Amenities

  • Corner Lot
  • Signage
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Nearby Major Retailers

Steak ‘n Shake
Waffle House
Starbucks
Huddle House
Smashburger
United Community Bank
Shane's Rib Shack
Ingles
Ameris Bank
Chase

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0112-01-013-011
Land Assessment
£155,927
Improvements Assessment
£104,285
Total Assessment
£260,212
  • Listing ID: 25522587

  • Date on Market: 21/04/2022

  • Last Updated:

  • Address: 601 Market Plz, Locust Grove, GA 30248

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