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Auto Parts

Brakes Plus – Absolute NNN 20 YR Sale-Leaseback - Dallas-FTW, MSA (Mavis Tire – 2,000+ Locations)

1665 N US Hwy 377, Roanoke, TX 76262

Listing Price: $3,008,850

Cap Rate
5.65%
Tenant Name
Brakes Plus
Years Remaining On Lease
20.2
Gross SF
4,600
Guarantor
Corporate Guarantee
Rentable SF
4,600
Price/Gross SF
$654.10
Lease Type
Absolute Net
Rent Per Square Feet
$36.96

Investment Overview

Founded in 1990, Brakes Plus offers brake and auto repair services, tire rotation, oil changes, transmission services, and more.

Roanoke is a city in Denton County, Texas, home to over 10,000 residents. The city is 30 miles northwest of Dallas and 20 miles northeast of Fort-Worth. Roanoke offers a unique quality of life and has friendly small town charm and the amenities of a big city in the heart of the Metroplex.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 5% 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 6 States
  • Affluent Trade Area with Average Household Income Exceeding $176,000 within a 5-Mile Radius

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Auto Parts

Brakes Plus – Absolute NNN 20 YR Sale-Leaseback - Dallas-FTW, MSA (Mavis Tire – 2,000+ Locations)

Listing Price: $3,008,850

Cap Rate
5.65%
Tenant Name
Brakes Plus
Years Remaining On Lease
20.2
Gross SF
4,600
Guarantor
Corporate Guarantee
Rentable SF
4,600
Price/Gross SF
$654.10
Lease Type
Absolute Net
Rent Per Square Feet
$36.96

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 5% 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 6 States
  • Affluent Trade Area with Average Household Income Exceeding $176,000 within a 5-Mile Radius

Investment Overview

Founded in 1990, Brakes Plus offers brake and auto repair services, tire rotation, oil changes, transmission services, and more. Roanoke is a city in Denton County, Texas, home to over 10,000 residents. The city is 30 miles northwest of Dallas and 20 miles northeast of Fort-Worth. Roanoke offers a unique quality of life and has friendly small town charm and the amenities of a big city in the heart of the Metroplex.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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