40 Causeway Rd - Auto Repair FOR SALE


Pawleys Island, SC 29585
$2,909,091 USD
216-292-7006
40 Causeway Rd, Pawleys Island, SC for Sale
$2,909,091 USD
Auto Repair - FOR SALE
1/5
null | 5.5% Cap Rate

40 Causeway Rd
Pawleys Island, SC 29585


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
  • Average Household Income Exceeds $110,000 in the Surrounding Area
  • Adjacent to Lowe's Foods and Surrounded by Local Businesses and Retailers

OVERVIEW

As the largest multi-brand tire dealer in the United States, Mavis operates over 3,500 service centers throughout the United States under a variety of operating formats. Located along South Carolina’s scenic Hammock Coast, Pawleys Island is a historic seaside community about 25 miles south of Myrtle Beach and 70 miles north of Charleston. Known as one of the oldest summer resorts on the East Coast, Pawleys Island is home to a small population and is part of Georgetown County.

FOR SALE DETAILS

PRICE

$2,909,091 USD

PRICE/SF

$432 USD /SF

CAP RATE

5.5%

% 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

23

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

39,903 SF

ZONING

C

APN/PARCEL ID

04-0164-030-01-00

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.