3335 Beech Ridge Ct
Tallahassee, FL 32312

Marcus & Millichap is pleased to present for sale this freestanding, single-tenant Mavis Discount Tire located in Tallahassee, Florida. Tallahassee is the capital of the state of Florida and is the county seat and only incorporated municipality in Leon County. The fee simple lease, backed by Mavis Southeast, LLC has over seventeen years remaining on the base term. There are four, five-year option periods with a five percent increase in rent. This is an ideal passive investment opportunity with very minimal landlord responsibilities being offered at five and one-quarter capitalization rate. The subject property consists of a 7,403 square foot retail space with ample parking on a 1.12-acre parcel. It is strategically located on Beech Ridge Court within the $300 Million master-planned community and regional shopping center of Bannerman Crossings with traffic counts in excess of 19,400 vehicles per day and benefits from 30,267 full-time residents with an average household income exceeding $130,643 within three miles. Since 2000, the one-mile and three-mile populations have increased over 30 percent. National and Regional retailers in the immediate area include Walgreens, Chick-Fil-A, Wendy's, AutoZone, Target, AT & T and Circle K to name a few. Mavis Discount Tire is one of the largest independent multi-brand tire dealers in the United States and offers a menu of additional services including brakes, alignment, suspension, shocks, struts, oil changes, battery replacement and exhaust work. Mavis has undergone rapid expansion in the past few years with the acquisitions of Somerset Tire, Sun Tire, and Kauffman Tire followed by a merger with Express Oil and Tire Engineers.