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Mavis Discount Tire Exclusive Net - Lease Offering Representative Photo MAVIS DISCOUNT TIRE EXCLUSIVE NET - LEASE OFFERING MEMORANDUM 125 Foxfield Way, Pooler, GA 31322 Confidentiality and Disclaimer Marcus & Millichap hereby advises all prospective purchasers of properties, including newly-constructed facilities or newly- income or expenses for the subject property, the future projected Net Leased property as follows: acquired locations, may be set based on a tenant’s projected financial performance of the property, the size and square sales with little or no record of actual performance, or footage of the property and improvements, the presence or The information contained in this Marketing Brochure has been comparable rents for the area. Returns are not guaranteed; the absence of contaminating substances, PCB’s or asbestos, the obtained from sources we believe to be reliable. However, tenant and any guarantors may fail to pay the lease rent or compliance with State and Federal regulations, the physical Marcus & Millichap has not and will not verify any of this property taxes, or may fail to comply with other material terms of condition of the improvements thereon, or the financial information, nor has Marcus & Millichap conducted any the lease; cash flow may be interrupted in part or in whole due to condition or business prospects of any tenant, or any tenant’s investigation regarding these matters. Marcus & Millichap makes market, economic, environmental or other conditions. Regardless plans or intentions to continue its occupancy of the subject no guarantee, warranty or representation whatsoever about the of tenant history and lease guarantees, Buyer is responsible for property. The information contained in this Marketing Brochure accuracy or completeness of any information provided. conducting his/her own investigation of all matters affecting the has been obtained from sources we believe to be reliable; intrinsic value of the property and the value of any long-term however, Marcus & Millichap has not verified, and will not verify, As the Buyer of a net leased property, it is the Buyer’s lease, including the likelihood of locating a replacement tenant if any of the information contained herein, nor has Marcus & responsibility to independently confirm the accuracy and the current tenant should default or abandon the property, and Millichap conducted any investigation regarding these matters completeness of all material information before completing any the lease terms that Buyer may be able to negotiate with a and makes no warranty or representation whatsoever regarding purchase. This Marketing Brochure is not a substitute for your potential replacement tenant considering the location of the the accuracy or completeness of the information provided. All thorough due diligence investigation of this investment property, and Buyer’s legal ability to make alternate use of the potential buyers must take appropriate measures to verify all of opportunity. Marcus & Millichap expressly denies any obligation property. the information set forth herein. to conduct a due diligence examination of this Property for Buyer. By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it NON-ENDORSEMENT NOTICE Any projections, opinions, assumptions or estimates used in this harmless from any kind of claim, cost, expense, or liability arising Marketing Brochure are for example only and do not represent out of your investigation and/or purchase of this net leased Marcus & Millichap Real Estate Investment Services, Inc. the current or future performance of this property. The value of a property. (“M&M”) is not affiliated with, sponsored by, or endorsed by any net leased property to you depends on factors that should be commercial tenant or lessee identified in this marketing package. evaluated by you and your tax, financial and legal advisors. CONFIDENTIALITY AND DISCLAIMER The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or Buyer and Buyer’s tax, financial, legal, and construction advisors The information contained in the following Marketing Brochure is endorsement by, said corporation of M&M, its affiliates or should conduct a careful, independent investigation of any net proprietary and strictly confidential. It is intended to be reviewed subsidiaries, or any agent, product, service, or commercial listing leased property to determine to your satisfaction with the only by the party receiving it from Marcus & Millichap and should of M&M, and is solely included for the purpose of providing suitability of the property for your needs. not be made available to any other person or entity without the tenant lessee information about this listing to prospective written consent of Marcus & Millichap. This Marketing Brochure customers. Like all real estate investments, this investment carries significant has been prepared to provide summary, unverified information risks. Buyer and Buyer’s legal and financial advisors must request to prospective purchasers, and to establish only a preliminary ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE and carefully review all legal and financial documents related to level of interest in the subject property. The information CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE the property and tenant. While the tenant’s past performance at contained herein is not a substitute for a thorough due diligence DETAILS. this or other locations is an important consideration, it is not a investigation. Marcus & Millichap has not made any investigation, guarantee of future success. Similarly, the lease rate for some and makes no warranty or representation, with respect to the SPECIAL COVID-19 NOTICE All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.) Table of Contents Investment Highlights 4 Financial Analysis 5 Tenant Overview 6 Tenant Overview: In Recent News 7 Surrounding Area 8 Location Overview 9 Local Map 10 Regional Map 11 Demographics / Market Overview 12-13 Representative Photo Investment Highlights PRICE: $3,558,261| CAP: 5.75% | RENT: $204,600 About the Investment ✓ Long Term 20-Year Lease with Approximately 15 Years Remaining on the Base Term ✓ Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities ✓ Corporate Guarantee ✓ Attractive Rental Increases of Ten Percent (10%) Every Five (5) Years ✓ Four (4) Tenant Renewal Periods of Five (5) Years Each About the Location ✓ Dense Retail Corridor | Walmart, Home Depot, McDonald’s, Panera Bread, Chick-fil- A, T.J. Maxx, Buffalo Wild Wings, LongHorn Steakhouse, Olive Garden, Taco Bell, Chipotle, Truist Bank, Chili’s Grill & Bar, and Many More ✓ The Savannah International Airport | Less Than Three Miles East of Subject Property | Second Busiest Georgia Airport at 2.8 Million Annual Passengers ✓ Proximity to Airport Entails an Abundance of Hospitality Accommodations | Among Them: Holiday Inn & Suites, Red Roof Inn & Suites, Hampton Inn & Suites, Hilton Garden Inn, DoubleTree, Embassy Suites, Among Various Others in the Immediate Proximity ✓ Strong Traffic Counts | Located Just Off Pooler Parkway & Interstate-95 | Approximately 17,000 & 63,000 Vehicles Per Day, Respectively ✓ Affluent Suburban Community | Average Household Income Exceeds $86,000 for Homes within Three Miles of the Subject Property ✓ Located Just Northwest of Savannah | An Industrial Center and Integral Atlantic Seaport About the Tenant / Brand ✓ Mavis Discount Tire, founded in 1949 by Marion and Victor Sorbaro, is headquartered in Millwood, New York ✓ Mavis Discount Tire is one of the largest independent tire and service providers in the US, operating more than 760 fully-equipped service centers across 14 states ✓ Offers tires from over 20 major brands and provides repair and maintenance services, including: brakes, alignments, suspension, shocks, struts, oil changes, battery replacement and exhaust work ✓ Acquired Cole Muffler Brake in 2008, Somerset Tire (STS) in 2015, Kauffman Tire in 2018 and merged with Express Oil and Tire Engineers in 2018, enabling Mavis Representative Photo Discount Tire to keep pace with changing market demands and conditions Mavis Discount Tire – Pooler, GA 4 Financial Analysis PRICE: $3,558,261| CAP: 5.75% | RENT: $204,600 PROPERTY DESCRIPTION RENT SCHEDULE Property Mavis Discount Tire Lease Year(s) Annual Rent Monthly Rent Rent Escalation (%) Property Address 125 Foxfield Way Year 6 $204,600 $17,050 10.00% City, State,
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