Mavis Discount Tires - Net Lease Property for Sale
Locust, NC
Key Investment Metrics
Price
$3,043,478
Cap Rate
5.8%
Net Operating Income
$175,000
Building Size
6979 SF
Lot Size
6,979 SF
Land Area
1 Acres
Remaining Term
20 years
Lease Term
20 years
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2024
Occupancy
100%
Tenancy
Single
Rent Increases
5% Increases Every 5 Years
About This Mavis Discount Tires Net Lease Property
This Mavis Discount Tires NNN (triple net lease) property is located in Locust, NC and represents an excellent investment opportunity for commercial real estate investors. The property features 6979 square feet of building space and was built in 2024.
With a cap rate of 5.8%, this Mavis Discount Tires net lease property offers stable income potential. The asking price is $3,043,478, making it an attractive option for 1031 exchange investors seeking quality Mavis Discount Tires commercial properties.
Why Invest in Mavis Discount Tires NNN Properties?
- Stable Income: Mavis Discount Tires net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Mavis Discount Tires is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Locust, NC Market Overview
Located in Locust, NC, this Mavis Discount Tires property benefits from strong local demographics and market fundamentals. The Locust area offers excellent visibility and accessibility, making it an ideal location for Mavis Discount Tires operations and a solid investment for net lease property buyers.