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Sambazis Retail Group

Leaders in Retail Investment Sales

Express Oil Change

Single-Tenant Offerings

Express Oil Change

601 Market Place

Locust Grove (Atlanta MSA), GA

Price:
$3,254,000
Cap Rate:
6.90%
NOI:
$192,000
Rentable SQFT:
4,730 SF
Year Built:
2021
Lot Size:
0.817 +/- 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
  • Brand New High-Quality Construction with Six Service Bays
  • Locust Grove is the Fastest Growing City in Henry County, One of the Fastest Growing Counties in the U.S.
  • Surrounded by Affluent Communities, Average Household Income Exceeds $111,000 within 3 Miles
  • Accessible to Over 44,900 Cars/Day at Signalized Intersection, Just Off I-75 with 98,800 Cars/Day and Direct Access to Downtown Atlanta
  • Outparcel to a High-Volume Walmart Supercenter and Down the Street from Tanger Outlets with 4 Million Shoppers/Annually
  • Across from Gardner Logistics Park, a 4.1 Million SF Class-A Industrial Park with Distribution Facilities for Home Depot, Love’s Travel Stops, Radial, and Ryder
  • Close Proximity to The Cubes Logistics Center, a 311-Acre State-of-the-Art Master-Planned Logistics Park with 4.5 Million SF
  • Just South of Locust Grove’s Industrial Zone with Over 44 Million SF of Industrial Facilities and Warehouses
  • Strong Daytime Population, Over 23,000 Employees in Immediate Trade Area
  • 30 Miles to Atlanta International Airport, the Busiest Passenger Airport in the World
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  • Confidentiality and Disclaimer

    The information contained in the following Marketing Package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sambazis Retail Group and should not be made available to any other person or entity without the written consent of Sambazis Retail Group. This Marketing Package has been prepared to provide a summary to prospective purchasers and to establish a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Sambazis Retail Group has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Package has been obtained from sources we believe to be reliable; however, Sambazis Retail Group has not verified, and will not verify, any of the information contained herein, nor has Sambazis Retail Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All prospective buyers must take appropriate measures to verify all of the information set forth herein.

    By accepting the terms of this Disclaimer you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.

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For more information, please contact:

Phil Sambazis

Executive Managing Director

(858) 373-3174

Email & Bio »

John Leonard

Broker of Record

License: GA 252904