Express Oil Change & Tire Engineers

Overview

Ackerman Retail, a division of Ackerman & Co., is pleased to offer for sale the fee-simple interest in an Express Oil Change in Hattiesburg, MS. Express Oil Change is on a 20-year absolute triple net (NNN) lease with 10 percent rental escalations every five years throughout the initial term and the four, five – year renewal options. The sale is proposed to be a cash transaction and is offered free and clear of existing debt.

PROPERTY HIGHLIGHTS

• Recent 20 Year Corporate Sale-Leaseback, Absolute NNN,10% rental increases every 5 years
• Above Average Unit Level Rent to Sales Ratio
• Strong Corporate Guaranty: Mavis Tire Express Services Intermediate Corp, the parent company of Express Oil Change, LLC (Over 1100 locations)
• Area retailers include: Target, Academy Sports, Ross, T.J. Maxx, Walmart Supercenter, Lowe’s, Belk, Hobby Lobby
• Less than a mile from Merit Health Wesley Hospital with 1,500 employees
• More than 2,000 businesses within 5 miles
• Close proximity to 845,104 SF Turtle Creek Regional Mall