Locust, NC (Charlotte MSA) 28097

Mavis Tires & Brakes Sale-Leaseback

Property Address

238 James Avenue, Locust, NC, USA

Offering Summary

  • Price: $3,043,478
  • Lot Size: 1 Acre
  • Cap Rate: 5.75%
  • Year Built: 2024
  • Building SF: 6,979
  • 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 2,000 Service Centers in 38 States
  • Situated within the Charlotte MSA - 60,278 Residents within a 10-Mile Radius
  • Across from Walmart Supercenter and Surrounded by National Retailers: Starbucks, KFC, Taco Bell, Dollar Tree, and More
  • Immediate Proximity to Stanly Community College's Recently Expanded Crutchfield Education Center

Broker Information