Mavis Tires & Brakes | Triple Net (NNN) Lease Investment Opportunity

$3,585,870

3335 Beech Ridge Court, Tallahassee, FL 32312

For Sale

Retail Free Standing

Active

Last Updated: 03/02/2021

Details:

Cap Rate: 5.25%

NOI: $188,258

Building Size: 7,403 sqft

Lot Area: 1.12 acres

Lease Type: Triple Net

Year Built: 2017

Price Per Sqft: $484.38

Roof & Structure: Landlord’s Responsibility

HVAC: Tenant’s Responsibility

Repairs & Maintenance: Tenant’s Responsibility

Offered by

Harry Archer

Sands Investment Group

#Lic. # 388927

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Andrew Ackerman

Managing Director

Sands Investment Group

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Highlights:

Long Term 20 Year Corporately Guaranteed Lease With Over 16 Years Remaining
Fixed Rent Increases During Base Term and Options
Transferable 15 Year Roof Warranty and Limited Landlord Responsibilities
Mavis Tires & Brakes is One of the Largest Independent Tire and Service Providers in the U.S., Operating More Than 760 Fully-Equipped Service Centers Across 14 States
Located Across From Bannerman Crossings Which is a Brand New $300 Million Master-Planned Community With a Regional Shopping Center
Strong Demographics – Over 27,300 Residents Live Within a 3-Mile Radius Making an Average Household Income of Over $125,350
Located 10–Miles From Downtown Tallahassee Which is the State Capital
In 2019, the City’s Population Was 194,500 Residents, Making it the 7th Largest City in the State
Florida is an Income Tax Free State
Nearby Tenants Include: Starbucks, Target, Goodwill, Publix, Chick-fil-A, Dunkin’, Walmart Supercenter, Dollar Tree, Walgreens, Bank of America and More

Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,403 SF Mavis Tires & Brakes at 3335 Beech Ridge Court in Tallahassee, FL. This Opportunity Includes Over 16 Years Remaining on a Triple Net (NNN) Lease, Providing For an Excellent Investment.

In Cooperation With SIG RE Services, LLC Lic. # CQ1055229