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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.

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

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Auto Service - Gas-Conv

Brakes Plus

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

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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