Mavis Discount Tire – Fayetteville, NC

August 1, 2023

Henry Street Capital has arranged $1,142,000 in term debt to finance the sale of a single tenant building in Fayetteville, NC.  The tenant, Mavis Discount Tire, recently signed a 20-year lease.  Kevin Sellers arranged the financing on behalf of the buyer, a private investor in Colorado.  The interest rate is fixed for 5 years @ 6.06% on a 9-year loan term with 25-year amortization schedule.  Financing was secured through the national single tenant lending division of a Midwest based commercial bank.