Mavis Discount Tire

Mavis Discount Tire

205 N Magnolia Drive
Tallahassee, FL

Price: $3,100,000
Cap: 6.00%
NOI: $185,999
Building Size: 7,403 SF
Lot Size: 1.29 AC

Investment Highlights

NEW CONSTRUCTION STORE
• 2018 Construction | Store is Open
• New Long Term 20-Year Lease
• Attractive Rent Increases during Lease & Options
• Minimal Landlord Responsibilities - 10-year Roof Warranty Included

STATE CAPITAL LOCATION
• Located in downtown Tallahassee | Capital and 7th Largest City in FL
• Population of 171,376 within a 5-Mile radius
• Less than 3-miles from Florida State University & Florida A&M University (58,110+ combined enrollment)
• Florida is an Income Tax Free State

EXCELLENT RETAIL LOCATION
• Approximately 5-Miles from I-10 (52,500 VPD) between US 90 & US 27 (combined traffic count of 64,000 VPD)
• Well located on Magnolia Rd. (33,000 VPD) in with over 2M square feet of retail within 2.5-miles of property
• Nearby National Retailers include Governors Square Mall, Target, Publix, Kohl’s, Best Buy, PetSmart More
• New $78-Million Frenchtown Gateway mixed-use development planned nearby

STRONG GROWING TENANT
• Mavis Tire is one of the largest independent multi-brand tire dealers in the U.S.
• The combined company operates over 830 locations in 24 states
• Fast Growing Tenant with Service focused business

Don McMinn
OFFERING MEMORANDUM

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