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Mavis Tires & Brakes Sale-Leaseback 238 James Ave 6,979 SF Retail Building Locust, NC 28097 $4,248,452 CAD ($608.75 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
- Mavis Offers a Menu of Additional Services Including Brakes, Alignments, Oil Changes, Suspension, Shocks, Struts, Battery Replacement, & Exhaust Work
- Situated within the Charlotte MSA - 60,278 Residents within a 10-Mile Radius
- 5% Rental Increases Every Five Years with Multiple Renewal Options
- Mavis is One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
- Across from Walmart Supercenter and Surrounded by National Retailers: Starbucks, KFC, Taco Bell, Dollar Tree, and More
EXECUTIVE SUMMARY
As the largest multi-brand tire dealer in the United States, Mavis operates over 2,000 service centers in 38 states under three operating formats: Mavis Tire, Express Oil Change & Tire Engineers, and Brakes Plus.
Locust is a city in Stanly and Cabarrus counties in North Carolina, located within the Charlotte metropolitan area. Locust has become one of the fastest-growing cities in the state due to its proximity to Charlotte.
Locust is a city in Stanly and Cabarrus counties in North Carolina, located within the Charlotte metropolitan area. Locust has become one of the fastest-growing cities in the state due to its proximity to Charlotte.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
6,979 SF
Year Built
2024
Price
$4,248,452 CAD
Price Per SF
$608.75 CAD
Cap Rate
5.75%
NOI
$244,286 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.00 AC
Zoning
MULTIPLE
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Mavis Tires & Brakes
- Services
-
99,999 SF
- -
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Lorem Ipsum
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Mavis Tires & Brakes | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
CONTACTS
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Alex Frankel -
Mark Ruble -
Christopher Lind -
Zack House -
Charles Gallagher -
Marcus & Millichap
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Mavis Tires & Brakes Sale-Leaseback | 238 James Ave
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