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Express Oil Change & Tire Engineers SLB 1216 E Derenne Ave 4,551 SF Retail Building Savannah, GA 31406 $3,902,627 CAD ($857.53 CAD/SF) 5.70% Cap Rate
Investment Highlights
- Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
- Express Oil Change & Tire Engineers Operates Over 422 Locations Across 19 States
- Densely-Populated Trade Area Just South of Downtown Savannah - Daytime Population Exceeds 201,287 People within a Five-Mile Radius
- Five Percent 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
- Five Minutes from Savannah State University (Approximately 3,700 Students)
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.
Savannah is located on the Georgia coast and is known for its historical district and architecture, as well as its famous golf courses and beaches, which attract millions of tourists each year. More than 14 million people visit the region in a typical year, which provides a $3 billion economic impact to the local economy.
Savannah is located on the Georgia coast and is known for its historical district and architecture, as well as its famous golf courses and beaches, which attract millions of tourists each year. More than 14 million people visit the region in a typical year, which provides a $3 billion economic impact to the local economy.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,551 SF
Building Class
C
Year Built
2024
Price
$3,902,627 CAD
Price Per SF
$857.53 CAD
Cap Rate
5.70%
NOI
$222,443 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.70 AC
Zoning
BN
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20125A04011 | Improvements Assessment | $403,178 CAD |
| Land Assessment | $208,374 CAD | Total Assessment | $611,552 CAD |
Property Taxes
Parcel Number
20125A04011
Land Assessment
$208,374 CAD
Improvements Assessment
$403,178 CAD
Total Assessment
$611,552 CAD
Contacts
-
Alex Frankel -
Mark Ruble -
Christopher Lind -
Zack House -
John Leonard -
Marcus & Millichap
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Express Oil Change & Tire Engineers SLB | 1216 E Derenne Ave
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