Express Oil Change
Single-Tenant Offerings
Express Oil Change
60 Willow Lane
McDonough (Atlanta MSA), GA
- Price:
- $3,860,000
- Cap Rate:
- 6.05%
- NOI:
- $233,530
- Rentable SQFT:
- 6,664 SF
- Year Built:
- 2003/2017
- Lot Size:
- 2.091 +/- 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.
- High-Performing Store with Strong Unit-Level Sales, 26% Year-Over-Year Growth
- Strategic Location, Situated in Atlanta’s Fastest-Growing Suburb Just 27 Miles Southeast of Downtown Atlanta
- Average Household Income Exceeds $83,000 within 3 Miles and $99,000 within 5 Miles
- Just Off I-75 with 146,000 Cars/Day, the Main Artery Serving the Retail Corridor in Fayette County
- Primary Retail Corridor, Across from High-Volume Walmart Supercenter and Lowe’s Anchored Center
- Strong Daytime Population, Over 25,800 Employees in Primary Trade Area
- Close Proximity to Locust Grove’s Industrial Zone with Over 44 Million SF of Industrial Facilities and Warehouses
- Surrounded by Several K-12 Schools with Over 8,000 Students
- 23 Miles to Atlanta’s International Airport, the Busiest Passenger Airport in the World
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