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Mavis Tires & Brakes Sale-Leaseback 5701 W Gate City Blvd 6,137 SF Retail Building Greensboro, NC 27407 $4,252,226 CAD ($692.88 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 Piedmont Triad Region, Part of the Greensboro/Winston-Salem MSA
- 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 3,500 Service Centers in the United States
- Average Household Income Exceeds $120,000 Within a 1-Mile Radius
Executive Summary
As the largest multibrand tire dealer in the United States, Mavis operates over 3,500 service centers throughout the United States under a variety of operating formats, including: Mavis Tire, Express Oil Change & Tire Engineers, and Brakes Plus. Mavis generates approximately $2.4 billion in revenue annually. The Mavis brands are rapidly expanding with goals to add 100+ stores per year.
Greensboro is the third largest city in North Carolina, located in the Piedmont Triad region. Known for its Southern charm, affordable cost of living, and strong historical heritage, the city attracts residents and visitors with its extensive public parks, excellent gastronomy, and ample infrastructure.
Greensboro is the third largest city in North Carolina, located in the Piedmont Triad region. Known for its Southern charm, affordable cost of living, and strong historical heritage, the city attracts residents and visitors with its extensive public parks, excellent gastronomy, and ample infrastructure.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
6,137 SF
Year Built
2024
Price
$4,252,226 CAD
Price Per SF
$692.88 CAD
Cap Rate
5.75%
NOI
$244,503 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.65 AC
Zoning
C-M
Frontage
150’ on GATE CITY BLVD
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0155628 | Improvements Assessment | $1,169,423 CAD |
| Land Assessment | $903,823 CAD | Total Assessment | $2,073,246 CAD |
Property Taxes
Parcel Number
0155628
Land Assessment
$903,823 CAD
Improvements Assessment
$1,169,423 CAD
Total Assessment
$2,073,246 CAD
Contacts
-
Alex Frankel -
Mark Ruble -
Christopher Lind -
Zack House -
Charles Gallagher -
Marcus & Millichap
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Mavis Tires & Brakes Sale-Leaseback | 5701 W Gate City Blvd
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