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3740 Patrick Way
Elizabeth City, NC 27909
Asking Price
$3.02M
Cap Rate
5.7%
Asset Type
Auto Shop Retail
Class
Class B
What's Special
Absolute NNN 20-Year Corporate Sale-Leasebacks <ul><li>Excellent Corporate Guarantee from Leading Tire Retailer | The lease is backed by a strong corporate guarantee from Mavis Tire Express Services TopCo Corp, the largest tire service operator in the U.S. with over 3,000 locations. Mavis operates a highly diversified portfolio of brands, including Mavis Discount Tire, Express Oil Change, Brakes Plus, NTB, Tire Kingdom, Tuffy Tire, Midas, and Town Fair Tire.</li><li>Proximity to Top-Performing Walmart Supercenter | The subject property is
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NOI
$80,000
Cap Rate
2.65%
DSCR
0.45
Underwater
Cash-on-Cash
-10.95%
Monthly Payment
$14,929.161
Annual Cash Flow
$-99,149.935
