Express Oil Change
Single-Tenant Offerings
Express Oil Change
650 Thornton Rd.
Lithia Springs (Atlanta MSA), GA
- Price:
- $2,862,000
- Cap Rate:
- 5.50%
- NOI:
- $157,383
- Rentable SQFT:
- 3,437 SF
- Year Built:
- 1999
- Lot Size:
- 1.26 +/- 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, 11% Year-Over-Year Growth
- Serving Rapidly Growing Suburb Northwest of Atlanta, One of the Fastest-Growing MSA’s in the U.S.
- Highly Visible to Over 46,000 Cars/Day Along Major Commercial Artery
- Just Off I-20 with 104,000 Cars/Day, Direct Access to Downtown Atlanta
- Adjacent to a High-Performing Kroger Anchored Shopping Center
- Strategic Location Surrounded by Various Car Dealerships
- 3.5 Miles to Six Flags Over Georgia with 22 Million Visitors Annually
- Down the Street from 8,000-Acre Industrial Park, Epicenter of Dense Industrial/Distribution Hub
- Strong Daytime Population, Over 44,000 Employees in Immediate Trade Area
- Employment Growth in the Trade Area Projected to be 38.5% Over the Next 10 Years
- Close Proximity to 30,000 College Students and Several K-12 Schools with More Than 7,000 Students
- Just North of Sweetwater Creek State Park, One of Georgia’s Most Visited State Parks
- 17 Miles to Atlanta International Airport, the Busiest Passenger Airport in the World
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