Express Oil Change Tire Engineers Saleleaseback — Sale in Starke, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Starke, FL 32091

Investment Figures

Cap rate
5.35%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Express Oil Change & Tire Engineers is an American automotive maintenance brand with services including its signature 10 minute oil change, in addition to full-service mechanical, tires, brakes, and more general service offerings. The brand operates over 422 locations across 19 states. Starke, Florida is a small city located in north-central Florida, about 25 miles southwest of Jacksonville and roughly 50 miles northeast of Gainesville. It serves as the county seat of Bradford County. Investment Highlights: • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty • Five Percent Rental Increases Every Five Years with Multiple Renewal Options • Express Oil Change & Tire Engineers Operates Over 422 Locations Across 19 States • Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States with Over 3,500 Service Centers Across the U.S. • Conveniently Located Along US-301, Easily Accessible by 20,000 Plus Cars per Day • Situated Nearby Other Major Retailers Including Dollar Tree, ACE Hardware, Tractor Supply Co., IHOP, and More

Market Context

This retail in Starke, FL is listed for sale. It is offered at an approximate 5.3% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 101 days. Compare it against other retail listings for sale in Starke, FL — view the full market.

Contact

Explore this market

Similar Retail Business for Sale in Starke, FL