Offering Memorandum
Highlights
- 20 Year Absolute Triple-Net (NNN) Sale Leaseback with attractive 10% increases every 5 years and 4 x 5-Year Options
- Mavis Express Services TopCo Corp. Guaranty – Best in Class Guaranty – 1,100+ units including all Express Oil Change, Brakes Plus, & Mavis Tires & Brakes
- Proximity to 571,200 SF Collection at Forsyth, a mixed-use development that sits on 57 acres and serves an expansive trade area of 180 square miles. The Collection at Forsyth has over 80 retailers, 2,500 parking spaces, and sees over 124,000 VPD at the intersection of GA-400 and Peachtree Parkway
- 3 miles from Lake Lanier, an extremely popular vacation destination for Atlanta MSA residents. 10 million people visit Lake Lanier every year.
- Cumming, GA is a particularly affluent suburb of Atlanta, within a 5-mile radius of the subject property, the AHHI is $170,054. Population has also skyrocketed by 50.4% since 2010 within 5-miles.
- Price: $3,809,000
- Lot Size: 0.79 AC
- Cap Rate: 5.25%
- Lease Type: Absolute Triple Net
- Year Built: 2011
- Building SF: 4,157
- Status: Active
- Guarantor: Corporate Guarantee - Mavis Express Services