Mavis Discount Tire

Jasper, Georgia

NNN Pro Group is pleased to present the exclusive listing for a Mavis located 745 Noah Dr in Jasper, GA. The site consists of roughly 6,500 rentable square feet of building space on an estimated 1.00-acre parcel of land. This Mavis is subject to a 20-year absolute triple-net (NNN) lease, which commences upon close of escrow. The current annual rent is $175,000 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 6, 5-year renewal options.

About the Investment:

– 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:: $2,692,308
Cap Rate:: 6.50%
Annual Rent:: $175,000
Address:: 745 Noah Dr, Jasper, Georgia 30143
Property Type:: Auto Service
Lease Type:: Triple Net (NNN)

Original Lease Term:: 20 Years
Lease Commencement:: Upon Close of Escrow
Lease Expiration:: 20 Years from Close of Escrow
Lease Term Remaining:: 20 Years
Rental Increases:: 5% Every 5 Years
Lot Size:: +/-1.00 Acres
Building Size:: 6,500 SF
Year Built:: 2023
Tenant:: Mavis Discount Tire

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Matthew Anuszkiewicz

manuszkiewicz@nnnpro.com

License: 10401294046

Robert Stein

rstein@nnnpro.com

License: 10401341647

Broker of record

Brian Brockman

Bang Realty-Georgia, Inc

License: 378952

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