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2570 Taylor Rd
Montgomery, AL
Price:
$2,882,646
Cap Rate:
6.35%
NOI:
$183,048
Ownership Type:
Fee Simple
Building Size:
3,418 SF
Lot Size:
0.49 AC
Lease Type:
Absolute NNN
Term Remaining:
15+ Years
Rent Increases:
10% Every 5 Years
Lease Options:
4, 5 Year
Guarantor:
Corporate (Mavis)
- Single-tenant automotive service property operating under an absolute NNN lease with over 15 years remaining - No landlord management or maintenance obligations whatsoever - 10% rent increases every five years during the primary term and renewal options
- Corporate guarantee from Mavis Tire Express Intermediate Services, Corp. - One of the nation’s largest automotive service operators - Recession-resistant business model supported by recurring maintenance and repair demand
- Founded in 1979 with 420+ locations across 19 states - Leading provider of oil changes, tire services, and automotive repair throughout the Southeast - Well-established brand with strong regional recognition and customer loyalty
Senior Managing Director, Investments
(925) 989-8198
jason.hernandez@marcusmillichap.com
Senior Associate
(203) 962-2042
jack.oneill@marcusmillichap.com
Associate
(901) 612-0515
jackson.lyons@marcusmillichap.com