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3104 Boones Creek Rd - Express Oil Change & Tire Engineers 2,000 SF Specialty Building Offered at $2,956,500 at a 5.75% Cap Rate in Johnson City, TN 37615
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
- Express Oil Change & Tire Engineers Operates 380+ Locations Across 19 States
- 54,025 Residents within a 5-Mile Radius in Growing Johnson City Trade Area
- 5% Rental Increases Every Five Years with Multiple Renewal Options
- Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States
- Average Household Income Exceeds $112,000 within 3 Miles of the Subject Property
EXECUTIVE SUMMARY
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.
Mavis has been saving people money on tires for more than 50 years. While the company was founded as Mavis Tire Supply Corporation in 1972, its roots can be traced back to 1949. Originally a bicycle shop, the family owned business became a tire shop by filling a neighborhood need to work on automobile tires and quickly grew their reputation and customer base. By 1971, Mavis had become a three-store chain and a neighborhood staple. In 1972, striving for a more professional image, the operating name was changed to Mavis Tire Supply, one of the first multi-brand tire dealers in the New York area. In 1988, management of the family owned business was passed on to the next generation.
Located in the foothills of the Appalachian Mountains, Johnson City, Tennessee combines big-city amenities, small-town Southern charm, and world-class outdoor recreation. Johnson City is in Washington, Carter, and Sullivan counties of Tennessee, mostly in Washington County. As of the 2020 United States census, the population was 71,046, making it the eighth largest city in Tennessee.
Mavis has been saving people money on tires for more than 50 years. While the company was founded as Mavis Tire Supply Corporation in 1972, its roots can be traced back to 1949. Originally a bicycle shop, the family owned business became a tire shop by filling a neighborhood need to work on automobile tires and quickly grew their reputation and customer base. By 1971, Mavis had become a three-store chain and a neighborhood staple. In 1972, striving for a more professional image, the operating name was changed to Mavis Tire Supply, one of the first multi-brand tire dealers in the New York area. In 1988, management of the family owned business was passed on to the next generation.
Located in the foothills of the Appalachian Mountains, Johnson City, Tennessee combines big-city amenities, small-town Southern charm, and world-class outdoor recreation. Johnson City is in Washington, Carter, and Sullivan counties of Tennessee, mostly in Washington County. As of the 2020 United States census, the population was 71,046, making it the eighth largest city in Tennessee.
PROPERTY FACTS
| Price | $2,956,500 | Building Class | B |
| Price Per SF | $345.10 | Lot Size | 1.49 AC |
| Sale Type | Investment | Building Size | 8,567 SF |
| Cap Rate | 5.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Auto Salvage Facility | ||
| Zoning | A | ||
| Price | $2,956,500 |
| Price Per SF | $345.10 |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| Property Type | Specialty |
| Property Subtype | Auto Salvage Facility |
| Building Class | B |
| Lot Size | 1.49 AC |
| Building Size | 8,567 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Zoning | A |
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CONTACTS
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Alex Frankel -
Mark Ruble -
Christopher Lind -
Zack House -
Jody McKibben -
Marcus & Millichap
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3104 Boones Creek Rd - Express Oil Change & Tire Engineers
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