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Mavis Discount Tire

Lexington,, South Carolina

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Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 847 US 378, Lexington, SC. The site consists of roughly 6,730 rentable square feet of building space on estimated 1.12-acre parcel of land.
This Mavis Discount Tire is subject to a 20-year Absolute Triple-Net (NNN) lease, which commences upon close of escrow. The annual rent is $145,000 and is scheduled to increase by five (5%) percent every five (5) years. There are six (6), five (5)-year tenant renewal options.

✓ Long Term 20-Year Sale-Leaseback
✓ Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
✓ Six (6) Tenant Renewal Periods of Five (5) Years Each

Key Details

Price:
$2,900,000
Cap Rate:
5.00%
Annual Rent:
$145,000
Address:
847 US-378, Lexington,, South Carolina 29072
Property Type:
Triple Net (NNN)

Lot Size:
112 Acres
Building Size:
6,730 SF
Tenant:
Mavis Discount Tire

Broker of record

Ben Yelm

License: 86628


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