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Auto Parts

Mavis Tires & Brakes

35560 US-27, Haines City, FL 33844

Listing Price: $2,564,600

Cap Rate
6.00%
Tenant Name
Mavis Tires & brakes
Years Remaining On Lease
18.7
Gross SF
5,600
Guarantor
No Guarantee
Rentable SF
5,600
Price/Gross SF
$457.96
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.48

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire a Mavis Tires & Brakes located in Haines City, Florida. The property consists of a ±5,600-square-foot freestanding automotive service facility situated on US Highway 27, one of Central Florida's primary commercial corridors with approximately 59,000 vehicles per day.

The property is leased to an operator under the Mavis Tires & Brakes platform, one of the nation's largest automotive service providers with more than 3,500 locations across 38 states. The tenant recently executed an early 15-year lease extension, extending the lease through March 2045 and demonstrating a significant long-term commitment to this location.

The lease offers 18+ years of remaining term, plus three (3) additional five-year renewal options extending potential occupancy through 2060. The lease is structured as a Modified NNN lease, with the tenant responsible for CAM, real estate taxes, and insurance, while the landlord's responsibility is limited to the roof. In addition, the lease features 5% contractual rental increases throughout the extension term and renewal options, providing investors with predictable long-term income growth.

Strategically positioned between Tampa and Orlando along the rapidly expanding I-4 corridor, the property benefits from strong population growth, continued residential development, and increasing demand for necessity-based automotive services. The Lakeland–Haines City MSA continues to experience robust economic expansion, making the area an attractive long-term investment market.

This offering presents investors with the opportunity to acquire a long-term, passive automotive net lease investment backed by an established national operating platform, featuring 18+ years of remaining lease term, contractual rent growth, and a proven operating location in one of Central Florida's fastest-growing retail corridors.

Investment Highlights

  • Early 15-Year Lease Extension Executed Tenant exercised an early 15-year lease extension through March 2045, demonstrating a long-term commitment to the location. 18+ Years Remaining
  • National Automotive Service Operator | 3,500+ Locations Operated under the Mavis Tires & Brakes platform, one of the nation's largest automotive service providers with 3,500+ locations
  • 5% Contractual Rental Increases Scheduled 5% rent increases throughout the extension term and renewal options provide predictable long-term NOI growth.

Exclusively Listed By

Auto Parts

Mavis Tires & Brakes

Listing Price: $2,564,600

Cap Rate
6.00%
Tenant Name
Mavis Tires & brakes
Years Remaining On Lease
18.7
Gross SF
5,600
Guarantor
No Guarantee
Rentable SF
5,600
Price/Gross SF
$457.96
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.48

Investment Highlights

  • Early 15-Year Lease Extension Executed Tenant exercised an early 15-year lease extension through March 2045, demonstrating a long-term commitment to the location. 18+ Years Remaining
  • National Automotive Service Operator | 3,500+ Locations Operated under the Mavis Tires & Brakes platform, one of the nation's largest automotive service providers with 3,500+ locations
  • 5% Contractual Rental Increases Scheduled 5% rent increases throughout the extension term and renewal options provide predictable long-term NOI growth.

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire a Mavis Tires & Brakes located in Haines City, Florida. The property consists of a ±5,600-square-foot freestanding automotive service facility situated on US Highway 27, one of Central Florida's primary commercial corridors with approximately 59,000 vehicles per day. The property is leased to an operator under the Mavis Tires & Brakes platform, one of the nation's largest automotive service providers with more than 3,500 locations across 38 states. The tenant recently executed an early 15-year lease extension, extending the lease through March 2045 and demonstrating a significant long-term commitment to this location. The lease offers 18+ years of remaining term, plus three (3) additional five-year renewal options extending potential occupancy through 2060. The lease is structured as a Modified NNN lease, with the tenant responsible for CAM, real estate taxes, and insurance, while the landlord's responsibility is limited to the roof. In addition, the lease features 5% contractual rental increases throughout the extension term and renewal options, providing investors with predictable long-term income growth. Strategically positioned between Tampa and Orlando along the rapidly expanding I-4 corridor, the property benefits from strong population growth, continued residential development, and increasing demand for necessity-based automotive services. The Lakeland–Haines City MSA continues to experience robust economic expansion, making the area an attractive long-term investment market. This offering presents investors with the opportunity to acquire a long-term, passive automotive net lease investment backed by an established national operating platform, featuring 18+ years of remaining lease term, contractual rent growth, and a proven operating location in one of Central Florida's fastest-growing retail corridors.

Exclusively Listed By

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