301 Lexington Ave - Auto Repair FOR SALE


Chapin, SC 29036
$3,274,336 USD
216-292-7006
301 Lexington Ave, Chapin, SC for Sale
$3,274,336 USD
Auto Repair - FOR SALE
1/5
null | 5.65% Cap Rate

301 Lexington Ave
Chapin, SC 29036


HIGHLIGHTS

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 5% Rental Increases Every Five Years with Multiple Renewal Options
  • Mavis Offers a Menu of Additional Services Including Brakes, Alignments, Oil Changes, Suspension, Shocks, Struts, Battery Replacement, & Exhaust Work
  • Mavis is One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
  • Situated in the Columbia MSA - ±22,623 Residents within a 5-Mile Radius
  • Average Household Income Exceeds $119,000 in the Surrounding Area

OVERVIEW

As the largest multi-brand tire dealer in the United States, Mavis operates over 2,000 service centers in 38 states under three operating formats: Mavis Tire, Express Oil Change & Tire Engineers, and Brakes Plus. Chapin, known as the "Capital of Lake Murray," is a small lake town located at the northern tip of Lexington County, South Carolina. Chapin is a suburb of Columbia, situated approximately 24 miles northwest of the city center.

FOR SALE DETAILS

PRICE

$3,274,336 USD

PRICE/SF

$487 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Tires & Brakes Sale-Leaseback

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Repair, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

C

APN/PARCEL ID

000721-02-026

ASK ABOUT THIS PROPERTY

Alex FrankelMarcus & MillichapMore Info
216-292-7006

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

Alex FrankelMarcus & MillichapMore Info
216-292-7006

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