169 Business Center Drive - Auto Repair FOR SALE


Toccoa, GA 30577
$3,050,000 USD
404-504-7900
169 Business Center Drive, Toccoa, GA for Sale
$3,050,000 USD
Auto Repair - FOR SALE
1/6
null | 6.1% Cap Rate

169 Business Center Drive
Toccoa, GA 30577


HIGHLIGHTS

  • Mavis Tire & Brakes | Leading Tire Supplier
  • New 20-Year NNN Lease with Attractive Rent Escalations | No Landlord Responsibilities
  • Brand New Construction Sold Near Development Cost
  • Located Along Memorial Drive, Just Feet From Its Intersection with Toccoa Bypass (14,600 VPD)
  • Surrounded By Over 4,300 Households Within 1 Mile | Significant Built-In Customer Base
  • Stephens County, GA | 35 Miles Northeast of Gainesville

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,050,000 USD

PRICE/SF

$453 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Tires & Brakes Sale-Leaseback

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

B-II

APN/PARCEL ID

043-071A

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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Brian PfohlCBREMore Info
404-504-7900

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