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Express Oil Change 601 Market Plz

4,730 SF Retail Building Locust Grove, GA 30248 $4,354,468 CAD ($921 CAD/SF) 6.25% Cap Rate

Investment Highlights

  • 18 Years Remaining, Absolute NNN Lease with 7% Increases Every 5 Years
  • Baypine LP and Investors Recently Acquired Mavis in 2021, Reportedly Valued the Company at $6 Billion Including Debt
  • Strong Unit-Level Sales Resulting in a Highly Profitable Location
  • Corporate Guaranty by Mavis Tire Express with 2,000+ Locations Across 27 States and $1.5 Billion in Revenue
  • Mavis Tire is the 2nd Largest Independent Tire Dealership Chain in the U.S.
  • Brand New High-Quality Construction with Six Service Bays

Property Facts

Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,730 SF
Building Class
C
Year Built
2021
Price
$4,354,468 CAD
Price Per SF
$921 CAD
Cap Rate
6.25%
NOI
$272,154 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.70 AC
Zoning
C - 1000 - Commercial
Frontage
259 ft on Market Place Boulevard

Amenities

  • Corner Lot
  • Signage
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Nearby Major Retailers

Steak ‘n Shake
Waffle House
Starbucks
Huddle House
Smashburger
United Community Bank
Shane's Rib Shack
Ingles
Ameris Bank
Chase

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0112-01-013-011
Land Assessment
$277,436 CAD
Improvements Assessment
$185,551 CAD
Total Assessment
$462,987 CAD
  • Listing ID: 25522587

  • Date on Market: 2022-04-21

  • Last Updated:

  • Address: 601 Market Plz, Locust Grove, GA 30248

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