Actual-Photo-Before-Rebranding

Mavis Discount Tire with TBC Corporate Guarantee

4135 Stone Mountain Hwy, Lilburn, GA 30047, USA
$3,078,667

Price:
$3,078,667
Cap Rate
6 %
NOI
$ 184720
Pro Forma Cap Rate
6 %
Development Type
Retail
Building Size
11700 sqft
Lot Area
1.156 acre
LEAD LISTING AGENT
Gary Turner

Gary Turner

ASSOCIATE



PROPERTY CONTENT

Mavis is an outparcel in front of a 182,000 square foot shopping center anchored by Home Depot and Pet-Smart. Mavis has a direct curb cut off US Highway 78 into its property.

In February 2020, Mavis acquired 112 National Tire and Battery (NTB, a division of TBC Corporation) locations. Mavis assumed this (NTB) lease and as part of the transaction, Mavis Tire Express Services Intermediate Corp is guaranteeing the lease. In addition, TBC Corporate is also guaranteeing the lease through September 30, 2030.

Auto repair is considered an essential use, and this store was able to stay open during the Georgia stay at home order.

The rent for this property is $15.79/sf, which is below market for a freestanding building.


PROPERTY HIGHLIGHTS


    4135 Stone Mountain Hwy, Lilburn, GA 30047, USA

    LEAD LISTING AGENT
    Gary Turner

    Gary Turner

    ASSOCIATE