2022 Highway 72 E - Convenience Store FOR SALE


Corinth, MS 38834
$2,711,864 USD
216-292-7006
2022 Highway 72 E, Corinth, MS for Sale
$2,711,864 USD
Convenience Store - FOR SALE
1/5
null | 5.9% Cap Rate

2022 Highway 72 E
Corinth, MS 38834


HIGHLIGHTS

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 5% Rental Increases Every Five Years with Multiple Renewal Options
  • Express Oil Change & Tire Engineers Operates 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
  • High-Traffic Location Along US Highway 72, a Significant East-West Thoroughfare Providing a Direct Route West to Memphis and East to Huntsville
  • Situated in Corinth's Primary Retail Corridor, Anchored by Walmart and Lowe's and Home to National Retailers

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. Corinth, Mississippi is a regional commercial and transportation hub located in northeastern Mississippi. The city is 90 miles east of Memphis, Tennessee and100 miles west of Huntsville, Alabama. Its location near the intersection of U.S. Highways 72 and 45 makes it easily accessible from surrounding communities. The city's current population is estimated at nearly 15,000 residents, making it one of the larger cities in northeast Mississippi.

FOR SALE DETAILS

PRICE

$2,711,864 USD

PRICE/SF

$1,415 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Express Oil Change & Tire Engineers SLB

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Auto Repair, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

S. Harper Rd.

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

-

APN/PARCEL ID

0904-17-3B-01200

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.