3132 N Highland Ave - Auto Repair FOR SALE


Jackson, TN 38305
$3,083,333 USD
216-292-7006
3132 N Highland Ave, Jackson, TN for Sale
$3,083,333 USD
Auto Repair - FOR SALE
1/4
null | 6% Cap Rate

3132 N Highland Ave
Jackson, TN 38305


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 380+ Locations Across 19 States
  • Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States
  • New High-Quality 2024 Construction
  • Situated Near Major Retailers - Kroger, Walgreens, Dollar General, and More

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 380 locations across 19 states. The City of Jackson, known as "The Hub City," is the 8th-largest city in the state of Tennessee. The city is a multi-modal hub, conveniently located halfway between Nashville and Memphis along Interstate 40.

FOR SALE DETAILS

PRICE

$3,083,333 USD

PRICE/SF

$437 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Express Oil Change- 20 YR Absolute NNN SLB

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

SC-1

APN/PARCEL ID

043A-D-029.00

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 Policy.