Mavis Discount Tire

Lancaster, Pennsylvania

NNN Pro Group is pleased to present the exclusive listing for a Mavis located at 1655 Columbia Ave in Lancaster, PA. The site consists of roughly 2,548 rentable square feet of building space on estimated 0.57-acre parcel of land. This Mavis is subject to a 15-year lease, which commenced on March 13, 2023. The current annual rent is $175,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 2, 5-year and 1, 4-year 11-month renewal options.

About the Investment:

✓ Long Term 15-Year Lease | Corporate Guarantee
✓ Ideal Automotive Service Fundamentals | Located in Lancaster’s Main Shopping Corridor | Several Anchor Tenants Bring Daily Traffic Drivers to the Area | Lowe’s, Aldi, Lidl’s, Giant | Excellent Visibility Along Columbia Avenue
✓ Attractive Real Estate Fundamentals | Strategic Positioning | Situated Across From Speedway Gas Station and Adjacent to a Valvoline Oil Change
✓ Robust Demographics | Perfect Above Average Earnings Demographic For Auto Service Businesses
✓ 1 Mile Radius | 9,900 Residents Earning $81,000 AHHI
✓ 3 Mile Radius | 105,600 Residents Earning $72,300 AHHI
✓ 5 Mile Radius | 180,000 Residents Earning $81,700 AHHI