Mavis

Highlights:

• Brand-new 15-year absolute net ground lease featuring 10% rental increases every 5 years
• Corporate guaranty from tenant’s parent company
• Pad to top performing Kroger location – top 3% of grocery stores nationwide in terms of annual visits (per Placer.ai)
• Significant visibility on signalized hard corner intersection – 41,000+ VPD
• Dense residential trade area – 319,000+ residents within a 5-mile radius of the subject property
• Annual auto maintenance/repair spending totals over $92 million in a 5-mile radius (per CoStar)
• Other prominent & proximal tenants driving traffic to the direct trade area include Walmart, Amazon, ALDI, Chipotle, Starbucks, and McDonald’s

Description:

Brand-new 15-year absolute net ground lease Mavis featuring 10% rental increases every 5 years throughout the base term and options. The tenant is a leader in the automotive service industry with 70+ years of experience.

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