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 Avis Properties For Sale

    



Interested in Purchasing an Avis Property for Investment?

 

If you wish to purchase an Avis property for investment, please email  info@nnndeals.com; We have access to an extensive inventory of triple net Avis properties for sale in Washington DC, Maryland, Virginia and the entire United States. 

  

 

 

AVIS

 

 
Price: 

$1M - $3M


Lease Term
:


10 – 15 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN  

Lease
Guarantee: 

Corporate
and Franchise

CAP Rate Ranges:
5.5% – 6.50%
 Name Avis
Subsidiary
Industry Car rental
Founded Ypsilanti, Michigan,U.S.(1946)
Founder Warren Avis
Headquarters Parsippany-Troy Hills, NJ, U.S.
Number of locations 
~4900+ (as of 2007)
Area served 
Worldwide
Key people 
Ronald L. Nelson
(Chairman) & (CEO)

Revenue US$5.986 Billion (2007)
US$-992 Million (2007)
US$-916 Million (2007)
Total assets US$12.474 Billion (2007)
Total equity US$1.465 Billion (2007)
Owner Avis Budget Group
Number of employees 
30,000 (2008)
Slogan "We Try Harder."
Website Avis.com
 

 

     

About Avis :

 

Avis Rent a Car System, LLC, better known as Avis, is an American car rental company headquartered in Parsippany-Troy HillsNew Jersey, United States.[1] Avis, Budget Rent a Car and Budget Truck Rental are all units of Avis Budget Group.

Avis Budget Group operates the Avis brand in North America, Latin America, the Caribbean, India, Australia and,  New Zealand. Recently Avis has acquired Avis Europe plc which once was a separate corporation licensing the Avis brand. Avis is the second largest car rental agency in the world preceded by Hertz Corporation.

Since the late 1970s, Avis has featured mainly General Motors (GM) vehicles such as Chevrolet and Cadillac, but today also rents popular non-GM brands including Ford and Toyota.

 

Avis is a leading rental car provider to the commercial segment serving business travellers at major airports around the world, and to leisure travellers at off-airport locations. Many of the off-airport locations are franchised operations rather than company-owned and -operated, as is the case with most airport locations. Avis was the first car rental business to be located at an airport.[2]

 

In January 2013, the company agreed to acquire Zipcar for $491 million.[3]

 

 

The company was founded in 1948 with three cars at Willow Run Airport,[4] Ypsilanti, Michigan, by Warren Avis (August 4, 1915 – April 24, 2007).[2] It established branch operations across the United States over the next few years, becoming the second largest car rental company in the country by 1953. By its tenth anniversary in 1956 it had opened its first international offices in EuropeCanada and Mexico.

Their corporate motto is "We Try Harder" It was adopted in 1962[5] (during the tenure of Robert Townsend as its CEO) to make a more positive reference of Avis' status as the second largest car rental company in the United States, at the expense of its larger competitor The Hertz Corporation. The slogan was used for 50 years before a re-branding in 2012, in which Avis received a new slogan, "It's Your Space." In 1972, Avis introduced Wizard, the first computer-based information and reservations system to be used in the United States car rental business; to this day, almost all frequent Avis customers are identified by their unique "Wizard number". In 1981, the company instituted its system of vehicle tracking, that was not coincidentally named Advanced Vehicle Identification System (AVIS).

 

AVIS Properties For Sale Across the United States :

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming 

 

 NNN Properties  For 1031 Exchange 

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