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Auto Service - Gas-Conv

Mavis Discount Tire

1622 U.S. Hwy 190, Eunice, LA 70535

Listing Price: $1,632,000

Cap Rate
5.50%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
14.1
Guarantor
Corporate Guarantee
Rentable SF
7,800
Lease Type
Absolute Net
Rent Per Square Feet
$11.51

Investment Overview

Marcus & Millichap is pleased to present a recently extended, corporately guaranteed Mavis in Eunice, Louisiana. The absolute net provides an incoming investor with a corporately backed long term, management-free lease at a location with a long term, well established and successful automotive history. When Mavis purchased the operations in 2017 they signed a brand new, 20-year absolute net lease with sustainable rent. The property itself benefits from strong visibility, seeing over 14,800 vehicles per day, and has a dense population within a two, five, and ten-mile radius of the site. Already benefiting from several strong tenants in the immediate area including Tractor Supply, Walmart, Popeyes and Taco Bell, this location has also seen growth in recent years as development is occurring all around the property including a new bank being built directly across the street.

Investment Highlights

  • Corporate Backed, Absolute Net Lease
  • 14+ Years of Lease Term Remaining
  • 10% Increases Every Five Years
  • Established Automotive Operating History

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Mavis Discount Tire

Listing Price: $1,632,000

Cap Rate
5.50%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
14.1
Guarantor
Corporate Guarantee
Rentable SF
7,800
Lease Type
Absolute Net
Rent Per Square Feet
$11.51

Investment Highlights

  • Corporate Backed, Absolute Net Lease
  • 14+ Years of Lease Term Remaining
  • 10% Increases Every Five Years
  • Established Automotive Operating History

Investment Overview

Marcus & Millichap is pleased to present a recently extended, corporately guaranteed Mavis in Eunice, Louisiana. The absolute net provides an incoming investor with a corporately backed long term, management-free lease at a location with a long term, well established and successful automotive history. When Mavis purchased the operations in 2017 they signed a brand new, 20-year absolute net lease with sustainable rent. The property itself benefits from strong visibility, seeing over 14,800 vehicles per day, and has a dense population within a two, five, and ten-mile radius of the site. Already benefiting from several strong tenants in the immediate area including Tractor Supply, Walmart, Popeyes and Taco Bell, this location has also seen growth in recent years as development is occurring all around the property including a new bank being built directly across the street.

Exclusively Listed By

Financing By

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