Mavis Tires & Brakes Sale-Leaseback — Sale in Kannapolis (Charlotte Msa), NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Kannapolis (Charlotte Msa), NC 28083

Photos

Mavis Tires & Brakes Sale-Leaseback — Sale in Kannapolis (Charlotte Msa), NC, photo 1 of 5
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Investment Figures

Cap rate
5.65%

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

As the largest multi-brand tire dealer in the United States, Mavis operates over 3,500 service centers throughout the United States under a variety of operating formats, including: Mavis Tire, Express Oil Change & Tire Engineers, and Brakes Plus. Mavis generates approximately $2.4 billion in revenue annually. The Mavis brands are rapidly expanding with goals to add 100+ stores per year. Kannapolis, North Carolina is a growing city located in Cabarrus and Rowan counties, just northeast of Charlotte in the Charlotte metropolitan area. Kannapolis is home to the North Carolina Research Campus, a nationally recognized hub for food, nutrition, and biotechnology research that brings together universities, private companies, and research organizations. Investment Highlights: • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty • 5% Rental Increases Every Five Years with Multiple Renewal Options • Mavis Offers a Menu of Additional Services Including Brakes, Alignments, Oil Changes, Suspension, Shocks, Struts, Battery Replacement, and Exhaust Work • Mavis is One of the Largest Independent Automotive Service Businesses in the United States with Over 3,500 Service Centers Throughout the U.S. • Positioned Along North Cannon Blvd (US Highway 29), a Primary Commercial Thoroughfare Serving Kannapolis and the Greater Concord Market • Growing Charlotte MSA with 67,451 Residents within a Five-Mile Radius • Minutes from the Revitalized Downtown Kannapolis District, Home to the 350-Acre North Carolina Research Campus • Convenient Access to Interstate 85, Connecting Kannapolis to Charlotte, Concord, Salisbury, and the Greater Piedmont Region

Market Context

This retail in Kannapolis (Charlotte Msa), NC is listed for sale. It is offered at an approximate 5.7% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Kannapolis (Charlotte Msa), NC — view the full market.

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