Offering Memorandum
Highlights
- 20-Year Absolute Triple Net Lease with 18.75+ Years Remaining - 10% Rental Increases Every 5-Years and 4 x 5-Year Options
- Corporate Guarantee from Mavis Express Services Intermediate Corp - 2,000+ Locations - Brakes Plus, Mavis Tire & Brakes, Express Oil Change
- Adjacent to Super Target and Walmart Supercenter - Attracting 2.7M Annual Visits
- Dense Retail Corridor of National Tenants - Kroger, Walgreens, ALDI, Starbucks, McDonald’s, Chick-Fil-A, Dutch Bros, Bank of America, and More Within 1-Mile of Subject Property
- 44,000+ VPD at Intersection of Precinct Line Rd and David Blvd
- Extremely Affluent Demographics within Immediate Trade Area - $244k AHHI Within a 1-Mile Radius of Subject Property
- Price: $3,355,000
- Lot Size: 1.02 AC
- Cap Rate: 5.00%
- Lease Type: Absolute Triple Net
- Year Built: 2022
- Building SF: 4,956 SF
- Status: Under Contract
- Guarantor: Corporate Guarantee - Mavis Express Services Intermediate Corp