Greensboro, NC 27407

Mavis Tires Sale-Leaseback

Property Address

5701 W Gate City Blvd, Greensboro, NC 27407, USA

Offering Summary

  • Price: $3,043,478
  • Lot Size: 1.65 Acres
  • Cap Rate: 5.75%
  • Year Built: 2024
  • Building SF: 6,137
  • Status: Available
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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
  • Mavis Offers a Menu of Additional Services Including Brakes, Alignments, Oil Changes, Suspension, Shocks, Struts, Battery Replacement, and Exhaust Work
  • Mavis is One of the Largest Independent Automotive Service Businesses in the United States with Over 3,500 Service Centers in the United States
  • Situated within the Piedmont Triad Region, Part of the Greensboro/Winston-Salem MSA
  • Average Household Income Exceeds $120,000 Within a 1-Mile Radius
  • Adjacent to Harris Teeter and Lidl and Surrounded by Local Businesses and Retailers

Broker Information