1216 E Derenne Ave - Freestanding FOR SALE


Savannah, GA 31406- South Garden
$2,807,100 USD
216-292-7006
1216 E Derenne Ave, Savannah, GA for Sale
$2,807,100 USD
Freestanding - FOR SALE
1/5
null | 5.7% Cap Rate

1216 E Derenne Ave
Savannah, GA 31406
South Garden


HIGHLIGHTS

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • Five Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Express Oil Change & Tire Engineers Operates Over 422 Locations Across 19 States
  • Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States
  • Densely-Populated Trade Area Just South of Downtown Savannah - Daytime Population Exceeds 201,287 People within a Five-Mile Radius
  • Five Minutes from Savannah State University (Approximately 3,700 Students)

OVERVIEW

Express Oil Change & Tire Engineers is an American automotive maintenance brand with services including its signature 10 minute oil change, in addition to full-service mechanical, tires, brakes, and more general service offerings. The brand operates over 422 locations across 19 states. Savannah is located on the Georgia coast and is known for its historical district and architecture, as well as its famous golf courses and beaches, which attract millions of tourists each year. More than 14 million people visit the region in a typical year, which provides a $3 billion economic impact to the local economy.

FOR SALE DETAILS

PRICE

$2,807,100 USD

PRICE/SF

$1,377 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Express Oil Change & Tire Engineers SLB

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

BN

APN/PARCEL ID

20125A04011

ASK ABOUT THIS PROPERTY

Alex FrankelMarcus & MillichapMore Info
216-292-7006

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Alex FrankelMarcus & MillichapMore Info
216-292-7006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.