Gastonia, NC - Mavis

Description:

• The tenant has over 19 years remaining with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
• Mavis Tires has 1,400 locations across 26 states

• The asset is located near the signalized, hard corner intersection of Hoffman Rd and Gaston Day School Rd, which averages a combined 23,800 vehicles passing by daily
• The site is directly next to a Hoffman Village, a Publix anchored center, further increasing consumer traffic to the immediate trade area
• The subject property is in close proximity to multiple national/credit tenants including McDonald’s, Walmart, Dunkin’, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Furthermore, the asset is in close proximity to The Arbors Town-homes
(145 units), Orchard Trace Apartment Homes (160 units), and Avalon Park Apartment Homes (240 units), increasing consumer traffic to the trade area