Offering Memorandum
Property Highlights
- 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guarantee by Mavis Tire Express Services Corp. (885+ Locations)
- 10% Rent Increases Every 5 Years During Primary Term and Four 5-Year Options to Renew
- Brand New Build-to-Suit (BTS) Construction, Estimated Delivery January 2021
- Directly Across Street from Walmart Super Center on Old York Road (35,700 VPD)
- Located Two Miles from the Rock Hill-York County Airport (40,000 Aircraft Operations Per Year)
- Rock Hill (population 117,375) is Located in the Charlotte MSA (population 2,800,000+)
- Price: $2,629,000
- Lot Size: 1.15 AC
- Cap Rate: 5.75%
- Lease Type: Absolute Triple Net (NNN)
- Year Built: 2020
- Building SF: 4,658
- Status: Sold
- Guarantor: Corporate - Mavis Tire Express Services Corp (885+ Locations)