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Mavis Tires & Brakes Sale-Leaseback 40 Causeway Rd 6,730 SF Retail Building Pawleys Island, SC 29585 $2,909,091 ($432.26/SF) 5.50% Cap Rate

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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
Average Household Income Exceeds $110,000 in the Surrounding Area

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
Adjacent to Lowe's Foods and Surrounded by Local Businesses and Retailers

Executive Summary

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.

Mavis - Pawleys Island, SC_Marketing Package