Auto Parts
Brakes Plus Sale-Leaseback
1850 Blairs Ferry Rd NE, Hiawatha, IA 52233
Listing Price: $2,916,667
Investment Overview
Founded in 1990, Brakes Plus offers brake and auto repair services, tire rotation, oil changes, transmission services, and more. Whether it's scheduled maintenance or oil changes, shocks and struts or brake repair/maintenance, Brakes Plus provides customers a service they can trust at a price they can afford. Brakes Plus now has 169 locations and growing across six states. Today, as the largest multi-brand tire dealer in the United States, Mavis operates over 2,000 service centers in 38 states under three operating
formats: Mavis Tire, Express Oil Change & Tire Engineers, and Brakes Plus.
Hiawatha is a city in Linn County, Iowa, a suburb of Cedar Rapids located in the northwestern portion of the metro area. The city's estimated population sits at just over 7,000. Cedar Rapids is the second-largest metropolitan area in the state, located just north of the largest university in Iowa, and is roughly 250 miles from both Minneapolis and Chicago.
Brakes Plus Sale-Leaseback
Investment Highlights
- Brand New 20-Year Absolute Triple-Net (NNN) Lease
- 5 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
- Brakes Plus Operates 169+ Locations Across Six States
- Situated in the Cedar Rapids MSA with 115,353 Residents in the Surrounding Area
Broker of Record
Financing By
Listing Price: $2,916,667
Investment Highlights
- Brand New 20-Year Absolute Triple-Net (NNN) Lease
- 5 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
- Brakes Plus Operates 169+ Locations Across Six States
- Situated in the Cedar Rapids MSA with 115,353 Residents in the Surrounding Area
Investment Overview
Founded in 1990, Brakes Plus offers brake and auto repair services, tire rotation, oil changes, transmission services, and more. Whether it's scheduled maintenance or oil changes, shocks and struts or brake repair/maintenance, Brakes Plus provides customers a service they can trust at a price they can afford. Brakes Plus now has 169 locations and growing across six states. Today, as the largest multi-brand tire dealer in the United States, Mavis operates over 2,000 service centers in 38 states under three operating formats: Mavis Tire, Express Oil Change & Tire Engineers, and Brakes Plus. Hiawatha is a city in Linn County, Iowa, a suburb of Cedar Rapids located in the northwestern portion of the metro area. The city's estimated population sits at just over 7,000. Cedar Rapids is the second-largest metropolitan area in the state, located just north of the largest university in Iowa, and is roughly 250 miles from both Minneapolis and Chicago.
Broker of Record
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
