Mavis Discount Tire
Hope Mills, North Carolina
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NNN Pro Group is pleased to present the exclusive listing for a Mavis located at 4271 Legion Road in Hope Mills, NC. The site consists of roughly 6,500 rentable square feet of building space on estimated 0.69-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 $181,250 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