8521 NC 56 Hwy - Auto Repair FOR SALE


Louisburg, NC 27549 | 
$3,097,345 USD
216-292-7006
8521 NC 56 Hwy, Louisburg, NC for Sale
$3,097,345 USD
Auto Repair - FOR SALE
1/5
null | 5.65% Cap Rate

8521 NC 56 Hwy
Louisburg, NC 27549


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 Throughout the U.S.
  • Easily Accessible by ±35,500 CPD on the Corner of NC-56 and Louisburg Rd
  • Households and Population Projected to Increase 4%+ Over the Next 5 Years in the Nearby Area

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, 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. Louisburg is the county seat of Franklin County, North Carolina, located in the northeastern portion of the Research Triangle region. The town combines a historic smalltown character with convenient access to the rapidly growing Raleigh metropolitan area. Limited Nonresident Commercial Real Estate Brokers: Mark Ruble: LC1057; Chris Lind: LC1060; Zack House: LC1059; Alex Frankel: LC1058

FOR SALE DETAILS

PRICE

$3,097,345 USD

PRICE/SF

$460 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

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

040857

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.