Savannah, GA 31406

Express Oil Change Sale-Leaseback

Property Address

1216 E Derenne Ave, Savannah, GA 31406, USA

Offering Summary

  • Price: $2,807,100
  • Lot Size: 0.70 Acres
  • Cap Rate: 5.70%
  • Year Built: 2024
  • Building SF: 4,551
  • Status: In Escrow
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  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 5% Rental Increases Every Five Years with Multiple Renewal Options
  • Express Oil Change & Tire Engineers Operates 422+ Locations Across 19 States
  • Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States with Over 3,500 Service Centers Across the U.S.
  • Densely-Populated Trade Area Just South of Downtown Savannah - Daytime Population Exceeds 201,287 People within a 5-Mile Radius
  • 5 Minutes from Savannah State University (±3,700 Students)
  • Close Proximity to Some of Savannah's Largest Employers - Fort Stewart/Hunter Army Air Field (±6,580 Employees), St. Joseph's Candler (±4,963 Employees), and Memorial University Medical Center (±4,300 Employees)
  • Easily Accessible Location Off Harry S Truman Pkwy (±55,500 Cars per Day)

Broker Information