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Mavis Discount Tire

Phenix City, Alabama

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NNN Pro is pleased to present the exclusive listing for a Mavis Discount Tire located at 1011 25th Avenue, Phenix City, AL 36869. The site consists of roughly 5,700 rentable square feet of building space on an estimated 0.71- acre parcel of land. This Mavis Discount Tire is subject to a 15-year Triple Net (NNN) lease, which commenced 12/29/2024. The current annual rent is $65,000 and has scheduled increases of ±7.00% Every 5 Years Running Into Options.

New 15 Year Absolute Triple-Net (NNN) Lease

Zero Landlord Responsibilities | Long Term Passive Income Investment |Six (6) – Five (5) Year Options

Corporate Guarantee from Mavis

Mavis Discount Tire is one of the largest independent multi-brand tire dealers in the United States with over 2,000 units under their operation.

Key Details

Price:
$1,130,434
Cap Rate:
5.75%
Annual Rent:
$65,000
Address:
1011 25th Ave, Phenix City, Alabama 36869
Property Type:
Retail
Lease Type:
Triple Net (NNN)

Original Lease Term:
15
Lease Commencement:
12/29/2024
Lease Expiration:
12/31/2038
Rental Increases:
±7.00% Every 5 Years Running Into Options
Lot Size:
0.71 Acres
Building Size:
5,700 SF
Year Built:
1989
Year Renovated:
2023
Tenant:
Mavis Discount Tire

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Judson Kauffman

License: 10401296108

Hannan Ben Yosef

License: 10401358655

Broker of record

Brian Brockman

Bang Realty-Alabama, Inc

License: 119315


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