June 27, 2024 – Jack Laurendeau of Horvath & Tremblay has successfully completed the sale of a Mavis in Phenix City, Alabama. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,110,000.
Mavis is located at 1011 25th Avenue in Phenix City. Alabama. Mavis occupies a 5,700 square foot building on a 0.71 acre parcel of land. Mavis has a new 15-year Triple Net (NNN) Lease with six (6), 5-year renewal options. The lease calls for attractive rent increases every five years throughout the primary lease term and at the start of each renewal option. Mavis is positioned at a signalized intersection of 25th Avenue, 11th Street, 14th Street and US Highway 280, the area’s primary commercial and commuter corridor. Mavis is surrounded by national retailers that drive traffic to the immediate area and densely populated residential neighborhoods that provide a built-in customer base. Phenix City is located along in eastern Alabama along the Chattahochee River (the Georgia Border) and is adjacent to Columbus, GA, the area’s largest city.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.