Auto Service - Gas-Conv
Brakes Plus
8612 Precinct Line Rd, North Richland Hills, TX 76034
Listing Price: $3,355,000
Cap Rate
5.00%
Tenant Name
Brakes Plus
Years Remaining On Lease
18.9
Gross SF
4,956
Guarantor
Corporate Guarantee
Rentable SF
4,956
Price/Gross SF
$676.96
Lease Type
Absolute Net
Rent Per Square Feet
$33.85
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Brakes Plus in North Richland Hills, TX.
Brakes Plus
Investment Highlights
- 20 Year Absolute Triple-Net Lease with 18.75+ Years Remaining on - 10% Rental Increases every 5-Years and 4 x 5 Year Options
- Corporate Guaranty from Mavis Express Services Intermediate Corp - 2,000+ Locations - Brakes Plus, Mavis Tire & Brakes, and Express Oil Change
- Adjacent to Super Target and Walmart Supercenter - Attracting 2.7M Annual Visits
- Dense Retail Corridor of National Tenants - Kroger, Walgreens, ALDI, Starbucks, McDonald's, Chick-fil-A, Dutch Bros, Bank of American, and more within 1-Mile of Subject Property
- 44,000+ VPD at Intersection of Precinct Line Road and Davis Boulevard
Exclusively Listed By
Broker of Record
Listing Price: $3,355,000
Cap Rate
5.00%
Tenant Name
Brakes Plus
Years Remaining On Lease
18.9
Gross SF
4,956
Guarantor
Corporate Guarantee
Rentable SF
4,956
Price/Gross SF
$676.96
Lease Type
Absolute Net
Rent Per Square Feet
$33.85
Investment Highlights
- 20 Year Absolute Triple-Net Lease with 18.75+ Years Remaining on - 10% Rental Increases every 5-Years and 4 x 5 Year Options
- Corporate Guaranty from Mavis Express Services Intermediate Corp - 2,000+ Locations - Brakes Plus, Mavis Tire & Brakes, and Express Oil Change
- Adjacent to Super Target and Walmart Supercenter - Attracting 2.7M Annual Visits
- Dense Retail Corridor of National Tenants - Kroger, Walgreens, ALDI, Starbucks, McDonald's, Chick-fil-A, Dutch Bros, Bank of American, and more within 1-Mile of Subject Property
- 44,000+ VPD at Intersection of Precinct Line Road and Davis Boulevard
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Brakes Plus in North Richland Hills, TX.
Exclusively Listed By
Broker of Record
