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Express Oil Change & Tire Engineers 1198 Walnut St 5,670 SF Retail Building Starke, FL 32091 $3,962,495 CAD ($698.85 CAD/SF) 5.35% Cap Rate
Investment Highlights
- Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
- Express Oil Change & Tire Engineers Operates 422+ Locations Across 19 States
- Conveniently Located Along US-301, Easily Accessible by 20,000+ CPD
- 5% Rental Increases Every Five Years with Multiple Renewal Options
- Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States
- Situated Nearby Other Major Retailers Including Dollar Tree, ACE Hardware, Tractor Supply Co., IHOP, and More
Executive Summary
Express Oil Change & Tire Engineers is an American automotive maintenance brand with services including its signature 10 minute oil change, in addition to full-service mechanical, tires, brakes, and more general service offerings. The brand operates over 422 locations across 19 states.
Starke, Florida is a small city located in north-central Florida, about 25 miles southwest of Jacksonville and roughly 50 miles northeast of Gainesville. It serves as the county seat of Bradford County.
Starke, Florida is a small city located in north-central Florida, about 25 miles southwest of Jacksonville and roughly 50 miles northeast of Gainesville. It serves as the county seat of Bradford County.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
5,670 SF
Building Class
B
Year Built
2025
Price
$3,962,495 CAD
Price Per SF
$698.85 CAD
Cap Rate
5.35%
NOI
$211,993 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.94 AC
Frontage
274’ on South Walnut Street
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04440-0-00000 | Improvements Assessment | $105,112 CAD |
| Land Assessment | $442,533 CAD | Total Assessment | $547,645 CAD |
Property Taxes
Parcel Number
04440-0-00000
Land Assessment
$442,533 CAD
Improvements Assessment
$105,112 CAD
Total Assessment
$547,645 CAD
Contacts
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Alex Frankel -
Mark Ruble -
Christopher Lind -
Zack House -
Ryan Nee -
Marcus & Millichap
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Express Oil Change & Tire Engineers | 1198 Walnut St
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