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Mavis Tires & Brakes Sale-Leaseback 301 Lexington Ave 6,730 SF Retail Building Chapin, SC 29036 $3,274,336 ($486.53/SF) 5.65% Cap Rate
Investment Highlights
- Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
- Mavis Offers a Menu of Additional Services Including Brakes, Alignments, Oil Changes, Suspension, Shocks, Struts, Battery Replacement, & Exhaust Work
- Situated in the Columbia MSA - ±22,623 Residents within a 5-Mile Radius
- 5% Rental Increases Every Five Years with Multiple Renewal Options
- 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 $119,000 in the Surrounding Area
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,730 SF
Building Class
B
Year Built
2025
Price
$3,274,336
Price Per SF
$486.53
Cap Rate
5.65%
NOI
$185,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.84 AC
Zoning
C - Commercial
Parking
26 Spaces (3.86 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | 000721-02-026 | Improvements Assessment | $0 |
| Land Assessment | $9,000 | Total Assessment | $9,000 |
Property Taxes
Parcel Number
000721-02-026
Land Assessment
$9,000
Improvements Assessment
$0
Total Assessment
$9,000
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Mavis Tires & Brakes Sale-Leaseback | 301 Lexington Ave
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