Mavis Tires & Brakes Sale-Leaseback | 169 Business Center Drive
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Mavis Tires & Brakes Sale-Leaseback 169 Business Center Drive
6,730 SF Retail Building Toccoa, GA 30577 $3,050,000 ($453/SF) 6.10% Cap Rate
Investment Highlights
- Mavis Tire & Brakes | Leading Tire Supplier
- Brand New Construction Sold Near Development Cost
- Surrounded By Over 4,300 Households Within 1 Mile | Significant Built-In Customer Base
- New 20-Year NNN Lease with Attractive Rent Escalations | No Landlord Responsibilities
- Located Along Memorial Drive, Just Feet From Its Intersection with Toccoa Bypass (14,600 VPD)
- Stephens County, GA | 35 Miles Northeast of Gainesville
Executive Summary
As the exclusive advisor to Ownership, CBRE, Inc. is proud to offer qualified investors the opportunity to acquire, via long-term sale-leaseback, the recently constructed 6,730-square-foot Mavis Tires & Brakes located at 169 Business Center Drive, Toccoa, GA (the “Property”). Structured as a NNN lease with no landlord responsibilities, the Property will include a 20-year lease to Mavis Tire Supply LLC (the “Tenant”) with six, 5-year options to renew. The lease will feature a 5% escalation every five years and all renewal options will be subject to the same 5% escalation at each onset.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,730 SF
Building Class
B
Year Built
2024
Price
$3,050,000
Price Per SF
$453
Cap Rate
6.10%
NOI
$186,050
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Land Acres
1.00 AC
Zoning
B-II - Office Enclosure
Parking
4.31 Spaces per 1,000 SF Leased
Frontage
240 FT on Memorial Drive
PROPERTY TAXES
| Parcel Number | 043-071A | Improvements Assessment | $812,318 |
| Land Assessment | $147,682 | Total Assessment | $960,000 |
PROPERTY TAXES
Parcel Number
043-071A
Land Assessment
$147,682
Improvements Assessment
$812,318
Total Assessment
$960,000
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Brian Pfohl -
Maury Vanden Eykel -
Christopher Bosworth -
Guy Ponticiello -
Eric Dyer -
Billy Becker -
Kaitlyn Wolf -
Leah Lindell -
Abby Kelly -
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Mavis Tires & Brakes Sale-Leaseback | 169 Business Center Drive
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