January 12, 2023 – Bob Horvath, Todd Tremblay and Jason Woods of Horvath & Tremblay have successfully completed the sale of a Mavis Discount Tire in Tifton, Georgia. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,778,462.
The Mavis Discount Tire is located at 1011 W 8th Street in Tifton, Georgia. The build to suit, single-tenant, net-leased Mavis will contain 6,136 square feet on a 0.84-acre parcel. The Property is anticipated to be completed and the 20-year Absolute NNN Lease term is anticipated to commence on or about December 1, 2022. The Lease calls for attractive 10% rent increase every five years throughout the primary lease term and at the start of each of the renewal options. The Property is situated across the street from the Plaza at Tifton, a Publix-anchored shopping center and the Tifton Mall, anchored by several national retailers. The Property is well located along W 8th Street, approximately 500 feet from the signalized intersection of Virginia Avenue N and W 8th Street, one of the area’s primary commercial corridors. The Property will also benefit from excellent visibility and frontage. The Property is also just 1.5-miles from the University of Georgia Tifton Campus and 1.8-miles from Abraham Baldwin Agricultural College.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.