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1216 East DeRenne Avenue
Savannah, GA 31406
Asking Price
$2.81M
Cap Rate
5.7%
Asset Type
Storefront Retail
Class
Class B
What's Special
Mavis Guaranty (3,500+ Locations) | New 20-Yr Abs NNN <ul><li><span style="color: rgba(0, 30, 69, 1)">Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty</span></li><li><span style="color: rgba(0, 30, 69, 1)">Five Percent Rental Increases Every Five Years with Multiple Renewal Options</span></li><li><span style="color: rgba(0, 30, 69, 1)">Express Oil Change & Tire Engineers Operates Over 422 Locations Across 19 States</span></li><li><span style="color: rgba(0, 30, 69, 1)">Corporate Guaranty by Mavis Tire Express Services C
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NOI
$80,000
Cap Rate
2.85%
DSCR
0.48
Underwater
Cash-on-Cash
-10.29%
Monthly Payment
$13,887.999
Annual Cash Flow
$-86,655.99
