Express Oil Change
Single-Tenant Offerings
Express Oil Change
5579 Wendy Bagwell Pkwy.
Hiram (Atlanta MSA), GA
- Price:
- $2,944,000
- Cap Rate:
- 4.75%
- NOI:
- $139,861
- Rentable SQFT:
- 3,425 SF
- Year Built:
- 2005
- Lot Size:
- 1.057 +/- 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 1,100 Locations Across 27 States 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 Resulting in a Highly Profitable Location, 18.6% Year-Over-Year Growth
- Serving Rapidly Growing Suburb Northwest of Atlanta and Surrounded by Affluent Communities
- Average Household Income Exceeds $93,000 within 3 and 5 Miles
- Highly Visible to 42,580 Cars/Day Along Major Commercial Artery, Easy Access to Downtown Atlanta
- Strategic Location in the Heart of High-Performing Regional Retail Corridor
- Down the Street from Walmart Supercenter, Sam’s Club, Super Target, Home Depot, Publix, Hobby Lobby, HomeGoods, Marshalls, Kohl’s, Ross, Best Buy, Academy Sports, and Many More
- Close Proximity to Wellstar Paulding Hospital, an 8-Story 295,000 SF Facility with 1,000 Employees
- Strong Daytime Population, Over 24,000 Employees in Immediate Trade Area
- Close Proximity to Several K-12 Schools with More Than 7,000 Students
- Northwest of Six Flags Over Georgia with 22 Million Visitors Annually
- Minutes to Silver Comet Trail (1.9 Million Visitors/Year) and Sweetwater Creek State Park (One of Georgia’s Most Visited State Parks)
- 27 Miles to Atlanta International Airport, the Busiest Passenger Airport in the World
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