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Single-Tenant Auto Service NNN Lease
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5921 Reagan Ln, Ooltewah, TN 37363

New construction single-tenant auto service property leased to Express Oil Change on a corporate guaranteed absolute NNN basis.

Property SizeContact for details
Days on Market123

Property Features for 5921 Reagan Ln

General Information

Standard status Active
Property subtype Retail
Lease Type NNN

Additional Details

Lease Term 180 months
Highway Access Yes

Building Details

Tenancy Single
Listing Agency: Colliers - Los Angeles - Orange County, California
Listed By: Eric Carlton · License #CA 01809955
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 8:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Los Angeles - Orange County, California

Investment Insights

Based on property information with market context.

This is an absolute NNN single-tenant net lease investment offered to qualified investors, corporately guaranteed and currently occupied by Express Oil Change, with the guarantee provided by Mavis Tire. The lease includes a 15-year base term and five additional, five-year options. The property is described as new construction, and the offering notes zero landlord responsibilities.

The site is shadow anchored by a Walmart Supercenter and is positioned along US Hwy 64 just off Interstate 75, providing exposure to highly trafficked thoroughfares.

For investors seeking a long-term, guaranteed income stream tied to a single tenant, this corporate-guaranteed absolute NNN structure is the core of the opportunity.

Key Highlights

  • Single‑tenant auto service property leased to Express Oil Change on a corporate guaranteed absolute NNN basis
  • 15‑year base lease term with 5, 5‑year options
  • Lease is corporate guaranteed, with guaranty by Mavis Tire

Property Analytics

Current Use

Express Oil Change ... Auto Repair Shop

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Locksmith Electrical Service Building Supply Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

725
Businesses Nearby

Demographics for 37363, TN

41,120
Population
16,584
Households
2.5
Avg Household Size
41
Median Age
43%
College-Educated
93%
High-School Grad
60.1 sq mi
ZIP Area
684
Density / Sq Mi
$94,873
Median Household Income
$50,180
Median Earnings
$1,495
Median Rent
$349,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - New construction single-tenant auto service property leased to Express Oil Change on a corporate guaranteed absolute NNN basis.
Where is this nnn property located?
The property is located at 5921 Reagan Ln Ooltewah, TN.
What are key features of this property?
This property features: Single‑tenant auto service property leased to Express Oil Change on a corporate guaranteed absolute NNN basis; 15‑year base lease term with 5, 5‑year options; Lease is corporate guaranteed, with guaranty by Mavis Tire
(949) 724-5561 Call to check price and availability
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