Auto Parts
Mavis Tires & Brakes Sale-Leaseback
521 W University Dr, Denton, TX 76201
Listing Price: $3,084,112
Investment Overview
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.
Denton is a city in the state of Texas and the county seat of Denton County with a population of approximately 140,000. The city is home to the University of North Texas, Texas Woman's University, and a world-class music and arts scene.
Mavis Tires & Brakes Sale-Leaseback
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
- Rapidly Growing Trade Area in the Dallas/Fort Worth MSA - Households and Population Projected to Increase 9-11 Percent in the Immediate Area by 2030
- Centrally Located within Two Miles of the University of North Texas (±47,000 Students), Downtown Denton, and Texas Woman's University (±13,000 Students)
- Situated in Dense Retail Corridor Surrounded by National Tenants: Kroger, McDonald's, Walgreens, Dollar Tree, and More
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Financing By
Listing Price: $3,084,112
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
- Rapidly Growing Trade Area in the Dallas/Fort Worth MSA - Households and Population Projected to Increase 9-11 Percent in the Immediate Area by 2030
- Centrally Located within Two Miles of the University of North Texas (±47,000 Students), Downtown Denton, and Texas Woman's University (±13,000 Students)
- Situated in Dense Retail Corridor Surrounded by National Tenants: Kroger, McDonald's, Walgreens, Dollar Tree, and More
Investment Overview
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. Denton is a city in the state of Texas and the county seat of Denton County with a population of approximately 140,000. The city is home to the University of North Texas, Texas Woman's University, and a world-class music and arts scene.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Financing By
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