5701 W Gate City Blvd - Auto Repair FOR SALE


Greensboro, NC 27407- Sedge Field
$3,043,478 USD
216-292-7006
5701 W Gate City Blvd, Greensboro, NC for Sale
$3,043,478 USD
Auto Repair - FOR SALE
1/5
null | 5.75% Cap Rate

5701 W Gate City Blvd
Greensboro, NC 27407
Sedge Field


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 3,500 Service Centers in the United States
  • Situated within the Piedmont Triad Region, Part of the Greensboro/Winston-Salem MSA
  • Average Household Income Exceeds $120,000 Within a 1-Mile Radius

OVERVIEW

As the largest multibrand tire dealer in the United States, Mavis operates over 3,500 service centers throughout the United States under a variety of operating formats, including: Mavis Tire, Express Oil Change & Tire Engineers, and Brakes Plus. Mavis generates approximately $2.4 billion in revenue annually. The Mavis brands are rapidly expanding with goals to add 100+ stores per year. Greensboro is the third largest city in North Carolina, located in the Piedmont Triad region. Known for its Southern charm, affordable cost of living, and strong historical heritage, the city attracts residents and visitors with its extensive public parks, excellent gastronomy, and ample infrastructure.

FOR SALE DETAILS

PRICE

$3,043,478 USD

PRICE/SF

$496 USD /SF

CAP RATE

5.75%

% 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

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

C-M

APN/PARCEL ID

0155628

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.