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Auto Parts

Mavis Tires & Brakes

1900 US-80, Haughton, LA 71037

Listing Price: $2,320,000

Cap Rate
6.25%
Tenant Name
Mavis Tire & Brakes
Years Remaining On Lease
19.6
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.50

Investment Overview

Marcus & Millichap is pleased to present for sale Mavis Tires & Brakes in Haughton, Louisiana. Mavis has been saving people money on tires for more than 50 years. While the company was founded as
Mavis Tire Supply Corporation in 1972, its roots can be traced back to 1949. Originally a bicycle shop, the
family owned business became a tire shop by filling a neighborhood need to work on automobile tires and
quickly grew their reputation and customer base. Haughton is a town in Bossier Parish, Louisiana, home to an estimated 4,500 residents. Part of the Shreveport-Bossier City metropolitan statistical area, Haughton
is located 15 miles east of Bossier City and 17 miles east of Shreveport.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Mavis Offers a Menu of Additional Services Including Brakes, Alignments, Oil Changes, Suspension, Shocks, Struts, Battery Replacement, and Exhaust Work
  • Mavis is One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
  • 153,843 Residents within a 10-Mile Radius - Growing Trade Area in the Shreveport MSA

Exclusively Listed By

Broker of Record

  • Steve Greer

    First Vice President Investments

    (225) 376-6729

    License(s) LA: BROK.995710346-ASA

    Louisiana

Financing By

Auto Parts

Mavis Tires & Brakes

Listing Price: $2,320,000

Cap Rate
6.25%
Tenant Name
Mavis Tire & Brakes
Years Remaining On Lease
19.6
Guarantor
Corporate Guarantee
Rentable SF
10,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.50

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Mavis Offers a Menu of Additional Services Including Brakes, Alignments, Oil Changes, Suspension, Shocks, Struts, Battery Replacement, and Exhaust Work
  • Mavis is One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
  • 153,843 Residents within a 10-Mile Radius - Growing Trade Area in the Shreveport MSA

Investment Overview

Marcus & Millichap is pleased to present for sale Mavis Tires & Brakes in Haughton, Louisiana. Mavis has been saving people money on tires for more than 50 years. While the company was founded as Mavis Tire Supply Corporation in 1972, its roots can be traced back to 1949. Originally a bicycle shop, the family owned business became a tire shop by filling a neighborhood need to work on automobile tires and quickly grew their reputation and customer base. Haughton is a town in Bossier Parish, Louisiana, home to an estimated 4,500 residents. Part of the Shreveport-Bossier City metropolitan statistical area, Haughton is located 15 miles east of Bossier City and 17 miles east of Shreveport.

Exclusively Listed By

Broker of Record

  • Steve Greer

    First Vice President Investments

    (225) 376-6729

    License(s): LA: BROK.995710346-ASA

    Louisiana

Financing By

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