Mavis Tires & Brakes NNN Property For Sale — Locust, NC
238 James Avenue, Locust, NC 28097
This Mavis Tires & Brakes property offers an exceptional investment opportunity with a brand new 20-year Absolute Triple-Net (NNN) lease backed by a corporate guaranty. The lease features attractive 5 percent rental increases every five years, along with multiple renewal options, providing long-term stability and growth for investors. Mavis is the largest multi-brand tire dealer in the United States, operating over 2,000 service centers across 38 states under various well-known formats. The property is strategically located in Locust, a rapidly growing city within the Charlotte metropolitan area, benefiting from its proximity to a major economic hub and a strong residential base with over 60,000 residents within a 10-mile radius. Mavis offers a comprehensive range of automotive services,…
- Address: 238 James Avenue, Locust, NC 28097
- Asking price $3.04M
- 5.75% cap rate
- NOI $175,000
- 19.8 years remaining
- NNN lease
- Building size: 6,979 SF
- Rent increases: 5 Percent Rental Increases Every Five Years
- Guarantor: Corporate
Location
This Mavis Tires & Brakes property is at 238 James Avenue in Locust, North Carolina.
Asset type: NNN