Offering Memorandum
Highlights
- New 20-Year Absolute Triple-Net (NNN) Lease with Attractive 10% Increases every 5 years and 4 x 5-Year Options
- Mavis Express Services TopCo Corp. Guaranty - Best In Class Guarantee - 1,995 units including all Express Oil Change (356 locations), Brakes Plus (155 locations), and Mavis Tires & Brakes (1,484 locations)
- New Construction Auto-Repair Building Delivered in 2022 with 6 Service Boys
- Located in new construction grocery anchored retail center, Aldi anchors the 2022 delivered center that also houses Dunkin and a Sheetz Gas Station. Express Oil Change is directly next to Aldi, driving traffic to the subject property
- Direct visibility along Johnstown Rd (US-62) seeing 24,000+ VPD. The subject property is also located along a highway exit with the New Albany Bypass which sees over 50,000 VPD
- Adjacent to Zarley Industrial Park which contains over 100,000 SF of industrial properties and tenants
- Price: $3,790,000
- Lot Size: 1.01 AC
- Cap Rate: 5.25%
- Lease Type: Absolute Triple Net
- Year Built: 2023
- Building SF: 4,922
- Status: Active
- Guarantor: Corporate Guarantee - Mavis Express Services