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 (356 locations), Brakes Plus (155 locations), & Mavis Tires & Brakes (1,484 locations)
- Adjacent to Region Dominating Shopping Destination, North Georgia Premium Outlets. The 541,000 SF outlet center is the largest in Georgia and home to 140 stores. Per Placer.ai, the outlets receive over 3.2 million visitors annually ranking them 84th of 1,650 (94th percentile) shopping centers in the state.
- Direct Visibility along US 19 GA 400 (38,700+ VPD), a primary north/south thoroughfare that connects downtown Atlanta to the Northern Suburbs
- Located Dawsonville, GA, an affluent northern suburb of Atlanta - $100,731 AHHI within a 5-mile radius. Dawsonville is located 45 minutes north of Atlanta and accessed via US 19. Dawsonville has seen explosive population growth of 38.12% since 2020.
- Price: $4,381,000
- Lot Size: 1.00 AC
- Cap Rate: 5.25%
- Lease Type: Absolute Triple Net
- Year Built: 2018
- Building SF: 5,344 SF
- Status: Active
- Guarantor: Corporate Guarantee - Mavis Express Services