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Mavis Tires & Brakes Sale-Leaseback 4831 S Clyde Morris Blvd

3,736 SF Retail Building Port Orange, FL 32129 $2,854,545 ($764/SF) 5.50% Cap Rate

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Investment Highlights

Mavis Tire & Brakes | Leading Tire Supplier
Recently Renovated Building to be Sold Near Ownership's Cost Basis
Population of 63,000+ Within a 3-Mile Radius | AHI of $74,674 Within a 3-Mile Radius

New 20-Year NNN Lease with Attractive Rent Escalations | No Landlord Responsibilities
8 Miles South of Downtown Daytona Beach | Feet From the Signalized Intersection of Clyde Morris Blvd. (22,000 VPD) & Dunlawton Ave (54,500 VPD).
Deltona-Daytona Beach-Ormond, FL MSA Advantage | MSA Population: 700,840

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 renovated 3,736-square-foot Mavis Tires & Brakes located at 4831 Clyde Morris Boulevard in Port Orange, FL (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.