Express Oil Change
Single-Tenant Offerings
Express Oil Change
1199 GA-34
Newnan (Atlanta MSA), GA
- Price:
- $3,028,000
- Cap Rate:
- 6.25%
- NOI:
- $189,254
- Rentable SQFT:
- 5,461 SF
- Lot Size:
- 0.88 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- New 20-Year Absolute NNN Lease with 7% Increases Every 5 Years
- Corporate Guaranty by Mavis Tire Express with 1,500+ Locations Nationwide and $1.5 Billion in Revenue
- Baypine LP and Investors Recently Acquired Mavis in 2021, Reportedly Valued the Company at $6 Billion Including Debt
- Mavis Tire is the 2nd Largest Independent Tire Dealership Chain in the U.S.
- Strong Unit-Level Sales, 21% Year-Over-Year Growth
- Serving Over 55,000 Residents in Rapidly Expanding Atlanta Suburb, 35 Miles Southwest of Downtown Atlanta
- Over 1,500 Single-Family Homes and 300 Multi-Family Units Under Construction in Immediate Trade Area
- Average Household Income Exceeds $71,000 within 3 Miles and $77,000 within 5 Miles
- Excellent Access and Visibility Along Major Artery with 53,900 Cars/Day, Just Off I-85 with 67,200 Cars/Day and Direct Access to Atlanta
- Adjacent to Walmart Supercenter, Lowe’s, and Hobby Lobby, Across from Home Depot, Aldi, Ross, Kohl’s, Petsmart, Academy Sports and More
- Down the Street from Ashley Park, a 716,000 SF Lifestyle Regional Open-Air Center with Approximately 4 Million Annual Visitors
- Surrounded by Several K-12 Schools with 7,000 Students
- Strong Daytime Population, Over 20,000 Employees in Primary Trade Area
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