101 12th st - Auto Repair FOR SALE


Rincon, GA 31326
$3,000,000 USD
602-687-6697
101 12th st, Rincon, GA for Sale
$3,000,000 USD
Auto Repair - FOR SALE
1/5
null | 6.1% Cap Rate

101 12th st
Rincon, GA 31326


HIGHLIGHTS

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 5% Rental Increases Every Five Years with Multiple Renewal Options
  • Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States with Over 2
  • Express Oil Change Operates 355+ Locations Across 19 States
  • Population and Households in the Surrounding Area is Projected to Increase Approximately 10% by 2028

OVERVIEW

This property features a brand new 20-year absolute triple-net (NNN) lease with 5% rental increases every five years and multiple renewal options. Backed by a corporate guaranty from Mavis Tire Express Services Corp., one of the largest independent automotive service businesses in the U.S. with over 2,000 service centers across 38 states, the lease offers exceptional security. Express Oil Change, operating 355+ locations in 19 states, also bolsters the property's appeal. The population and households in the surrounding area are projected to increase by approximately 10% by 2028. Located along a dense retail corridor anchored by Walmart, Lowe's Home Improvement, Kroger Marketplace, Tractor Supply Co, and Harbor Freight Tools, this property benefits from excellent visibility on South Columbia Ave with 33,700+ cars per day. Situated in the Savannah MSA with 26,913 residents in the surrounding area, it promises a strong customer base and sustained growth potential.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$652 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alex FrankelMarcus & MillichapMore Info
602-687-6697

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Alex FrankelMarcus & MillichapMore Info
602-687-6697

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.