This Mavis Tires & Brakes, located in Acworth, GA (Atlanta MSA) is an outparcel to a Burger King, Starbucks and Pep Boys with 33,800 vehicles per day on busy Cobb Parkway. Built in 2007, this stucco and brick ± 6,690 SF structure, with large showroom and four double drive-in bays, sits on 1.2 acres. Other nearby retailers include Walmart, Home Depot, Best Buy, Staples, Kohl’s, Petco, Target, and more. Three-mile demographics include a population of over 28,000 with an average household income of over $90,000.Originally branded as Kaufman Tire with a 20-year lease, Mavis Tire & Brakes, a national tenant, purchased the regional Kaufman brand in 2018 and recently extended the NN lease through September 30, 2028. The NN lease has limited Landlord responsibilities to roof and structure. In addition, there are four renewal options - the first for four years and the remainder for five years each. Rent will increase 8% in October 2022 and 7% in October 2027. It increases 7% for options 2 through 4.Mavis Tire & Brakes, headquartered in Millwood, NY, was founded as Mavis Tire Supply Corporation in 1972. It grew with the acquisition of Cole Muffler Brake in 2008, Somerset Tire in 2015 and Kauffman Tires in 2018. In 2018 Golden Gate Capital acquired Mavis and merged it with Express Oil and Tire Engineers and recently acquired several NTB locations. Today Mavis is one of the largest independent multi-brand tire dealers operating over 800 locations in the USA.
