Express Oil Change | 601 Market Plz
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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
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
PROPERTY TAXES
Parcel Number | 0112-01-013-011 | Improvements Assessment | £104,285 |
Land Assessment | £155,927 | Total Assessment | £260,212 |
PROPERTY TAXES
Parcel Number
0112-01-013-011
Land Assessment
£155,927
Improvements Assessment
£104,285
Total Assessment
£260,212
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Express Oil Change | 601 Market Plz
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