Auto Service - Gas-Conv
Brakes Plus
9115 Howell St, Arvada, CO 80005
Listing Price: $3,698,000
Cap Rate
5.32%
Tenant Name
Brakes Plus
Years Remaining On Lease
20.0
Gross SF
4,975
Guarantor
Corporate Guarantee
Rentable SF
4,975
Price/Gross SF
$743.32
Lease Type
Absolute Net
Rent Per Square Feet
$39.55
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Brakes Plus in Arvada, CO
Brakes Plus
Investment Highlights
- New 20-Year Absolute Triple-Net (NNN) Lease with 4 x 5-Year Options and 10% rent increases every five years.
- Corporate Guaranty from Mavis Tire Express Services Corp – The company operates approximately over 2,000 locations throughout the United States under 12 brands
- Adjacent to a King Soopers Marketplace anchored shopping center that opened in 2018. The center includes 7,100 SF of in-line shops and three single-tenant retails pads.
- Half a mile from Candelas master development, a 1,500-acre community that features 1,598 single-family homes, 785 multi-family units, and 268 townhomes.
- Affluent surrounding demographics: 28,667 people earn an average household income of $176,663 within a 3-mile radius of the subject property. In addition, within a 1-mile radius, 3,218 people earn a $192,845 average household income.
Exclusively Listed By
Listing Price: $3,698,000
Cap Rate
5.32%
Tenant Name
Brakes Plus
Years Remaining On Lease
20.0
Gross SF
4,975
Guarantor
Corporate Guarantee
Rentable SF
4,975
Price/Gross SF
$743.32
Lease Type
Absolute Net
Rent Per Square Feet
$39.55
Investment Highlights
- New 20-Year Absolute Triple-Net (NNN) Lease with 4 x 5-Year Options and 10% rent increases every five years.
- Corporate Guaranty from Mavis Tire Express Services Corp – The company operates approximately over 2,000 locations throughout the United States under 12 brands
- Adjacent to a King Soopers Marketplace anchored shopping center that opened in 2018. The center includes 7,100 SF of in-line shops and three single-tenant retails pads.
- Half a mile from Candelas master development, a 1,500-acre community that features 1,598 single-family homes, 785 multi-family units, and 268 townhomes.
- Affluent surrounding demographics: 28,667 people earn an average household income of $176,663 within a 3-mile radius of the subject property. In addition, within a 1-mile radius, 3,218 people earn a $192,845 average household income.
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Brakes Plus in Arvada, CO
Exclusively Listed By
