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Express Oil Change

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Marcus & Millichap is pleased to present the exclusive listing for an Express Oil Change located at 34 Bluffton Road, in Bluffton, SC. The site consists of roughly 4,825 rentable square feet of building space on estimated 1.03-acre parcel of land.
This Express Oil Change is subject to a 20-year Absolute Triple-Net (NNN) sale-leaseback, which will commence upon the close of escrow. The annual rent is$155,000 and is scheduled to increase by five percent (5%) 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

Mavis Discount Tire

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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

Mavis Discount Tire

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Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 7801 Garners Ferry Road, South Carolina. The site consists of roughly 6,730 rentable square feet of building space on estimated 1.15-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 $135,000 and is scheduled to increase by five (5%) percent every five (5) years. There are six (6), five (5)-year tenant 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

About the Location:

✓ Dense Retail Corridor | Walmart, Chick-fil-A, CVS, Bank of America, McDonald’s, Aldi, Lowe’s, Ford, Firestone, Wendy’s, Tractor Supply Company, Pizza Hutt, Burger King, GameStop, Popeyes, and Many More
✓ Compelling Real Estate Fundamentals | Seven Miles Southeast of University of South Carolina | Over 34,000 Students Enrolled | Williams-Brice Stadium | Stadium Capacity Exceeds 80,000 Patrons
✓ Ease of Access and Visibility | Situated on a Hard Corner & Signalized Intersection
✓ Exceptional Traffic Counts | Interstate-77 & Garners Ferry Road | 36,600 & 64,800 Average Daily Vehicles, Respectively
✓ Proximity to Hospitality Accommodations | Hampton Inn & Suites, La Quinta Inn, Hampton Inn & Suites, Hilton Columbia Center, DoubleTree, Home2Suites, Rodeway Inn, Among Various Others
✓ Robust Demographics | Over 79,400 Individuals Within a Five-Mile Radius & 252,100 Individuals Within a Ten-Mile Radius
✓ Affluent Suburban Market | Average Household Income Within a Five-Mile Radius Exceeds $81,400

About the Tenant/Brand:

✓ Mavis is the second largest independent automotive service business in the U.S. with over 1,050 service centers in 29 states, $1.5 billion of revenue and industry-leading profit margins.
✓ Mavis has a best-in-class management team and operating culture and has generated the strongest and most consistent financial results in the industry with over 10 years of positive comparable sales growth.
✓ The company consists of three operating formats: Mavis Tire, Express Oil Change & Tire Engineers, and Brakes Plus
✓ Mavis was founded in 1972 and offers a diverse range of tire and mechanical services and exceptional customer service.
✓ Mavis has leading market share in its key regions (especially the Northeast), and a strong real estate profile with very well-maintained buildings and equipment.
✓ Mavis’ strong asset base leads to superior financial results; Mavis’ average unit volumes are approximately $1.5 million per store which is ~25% higher than Monro, the only competitor that is a public company.
✓ David and Stephen Sorbaro have been co-CEOs of Mavis for over 30 years.

Red Lobster

Wendy’s

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Marcus & Millichap is pleased to present the exclusive listing for a Wendy’s located at 101 West Boulevard in Chesterfield, SC. The property consists of 3,400 square feet of building space and is situated on approximately 1.38 acres of land.
The tenant will enter into a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the day following the close of escrow. The lease will call for rental increases that will be the lesser of the change in CPI or 1.25% annually starting in Year 3. The rental increases will continue through the base term and into the six, five-year tenant renewal options. The lease will carry a guaranty from Meritage Hospitality Group, an experienced 337 unit operator and the second largest franchisee in the Wendy’s system.

About the Investment:

About the Location:

About the Tenant/Brand: