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Mavis Tires & Brakes Sale-Leaseback 6040 Kilbart Xing

6,979 SF Retail Building Ocean Isle Beach, NC 28469 $3,272,727 ($469/SF) 5.50% Cap Rate

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Investment Highlights

Mavis Tires & Brakes | Leading Tire Supplier
Brand New Construction Sold Near Development Cost
Population of 19,000+ Within a 5-Mile Radius

New 20-Year NNN Lease with Attractive Escalations | No Landlord Responsibilities
Located at the Intersection of Kilbart Crossing & Beach Drive SW (8,500 VPD)
Wilmington, NC MSA Advantage | MSA Population: 299,289

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 6,979-square-foot Mavis Tires & Brakes located at 6040 Kilbart Crossing in Ocean Isle Beach, NC (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.