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Express Oil Change & Tire Engineers SLB 2022 Highway 72 E 5,420 SF Retail Building Corinth, MS 38834 $3,735,864 CAD ($689.27 CAD/SF) 5.90% 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
- High-Traffic Location Along US Highway 72, a Significant East-West Thoroughfare Providing a Direct Route West to Memphis and East to Huntsville
- 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 in Corinth's Primary Retail Corridor, Anchored by Walmart and Lowe's and Home to National Retailers
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.
Corinth, Mississippi is a regional commercial and transportation hub located in northeastern Mississippi. The city is 90 miles east of Memphis, Tennessee and100 miles west of Huntsville, Alabama. Its location near the intersection of U.S. Highways 72 and 45 makes it easily accessible from surrounding communities. The city's current population is estimated at nearly 15,000 residents, making it one of the larger cities in northeast Mississippi.
Corinth, Mississippi is a regional commercial and transportation hub located in northeastern Mississippi. The city is 90 miles east of Memphis, Tennessee and100 miles west of Huntsville, Alabama. Its location near the intersection of U.S. Highways 72 and 45 makes it easily accessible from surrounding communities. The city's current population is estimated at nearly 15,000 residents, making it one of the larger cities in northeast Mississippi.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
5,420 SF
Building Class
C
Year Built
2024
Price
$3,735,864 CAD
Price Per SF
$689.27 CAD
Cap Rate
5.90%
NOI
$220,416 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.98 AC
Opportunity Zone
Yes
Frontage
65’ on Highway 72
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0904-17-3B-01200 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $44,596 CAD |
Property Taxes
Parcel Number
0904-17-3B-01200
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$44,596 CAD
Contacts
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Alex Frankel -
Mark Ruble -
Christopher Lind -
Zack House -
William Davis -
Marcus & Millichap
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Express Oil Change & Tire Engineers SLB | 2022 Highway 72 E
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