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1351 NE Green Oaks Blvd 4,650 SF Retail Building Arlington, TX 76006 $3,171,562 CAD ($682.06 CAD/SF) 6.12% Cap Rate
Investment Highlights
- Brakes Plus 17.5 Year Absolute NNN Corporate Lease with No Landlord Responsibilities
- 7.5% Bumps Every 5 Years and in each of the 6 (5) Year Renewal Terms, Fee Simple Ownership
- Ideal Passive/Management Free Investment for a Passive Investor
- Guaranteed by Mavis Tire Express Services TOPCO Corp
- Located in State Income Tax Free State of Texas
Executive Summary
$2,253,913, 6.125% Cap Rate, $140,870 NOI
Brakes Plus Corp. Absolute Net Lease with No Landlord Responsibilities
20 Year Lease with 17.5 Years Remaining
Guaranteed by Mavis Tire Express Service Topco Corp.
7.5% Rental Bumps Every 5 Yrs. with 6 (5) Year Renewal Options
Fee Simple Ownership
Strong Arlington Texas Location in a State Income Tax Free State
Velocity Retail Group is pleased to offer the Brakes Plus Absolute NNN Investment located at 1351 NE Green Oaks Blvd.? in Arlington, Texas.? The lease has 17.5 years remaining on the initial 20-year term.? The Absolute Net Lease has no Landlord Responsibilities.? The lease is backed by a strong corporate guarantee from Mavis Tire Express Services TopCo Corp, the largest tire service operator in the U.?S.? with over 3,500 locations.? Mavis operates a highly diversified portfolio of brands, including Mavis Discount Tire, Express Oil Change, Brakes Plus, NTB, Tire Kingdom, Midas, and Town Fair Tire.? The Corporate Guaranteed Lease offers an investor durable income in an STATE INCOME TAX FREE STATE.?
?Approx.? 4,650 SF Automotive Building with 8 Bays on Approx.? 1.04 Acres
?17.5 Years Remaining on an Initial 20 yr Lease
?Ideal for Private Investors or 1031 Exchange Buyers Seeking an Income-Producing Automotive Asset with Strong Credit Tenancy with No Landlord Responsibilities
?Located in Arlington within the Dallas–Fort Worth Metroplex, One of the Largest and Fastest-Growing Metropolitan Areas in the United States
?Strategically Positioned along NE Green Oak Boulevard, a Major Commercial Thoroughfare Serving Dense Residential Neighborhoods and Established Retail Corridors throughout Arlington as well as Immediate Access to Interstate 30 and State Highway 360, which Provides Strong Regional Connectivity throughout DFW
?Located near Major Regional Attractions Including AT&T Stadium, Globe Life Field, and Six Flags Over Texas Supporting Significant Regional Traffic and Employment Activity
The Property is listed in conjunction with Texas licensed RJL Real Estate Consultants.?
Velocity Retail Group is pleased to offer the Brakes Plus Absolute NNN Investment located at 1351 NE Green Oaks Blvd.? in Arlington, Texas.? The lease has 17.5 years remaining on the initial 20-year term.? The Absolute Net Lease has no Landlord Responsibilities.? The lease is backed by a strong corporate guarantee from Mavis Tire Express Services TopCo Corp, the largest tire service operator in the U.?S.? with over 3,500 locations.? Mavis operates a highly diversified portfolio of brands, including Mavis Discount Tire, Express Oil Change, Brakes Plus, NTB, Tire Kingdom, Midas, and Town Fair Tire.? The Corporate Guaranteed Lease offers an investor durable income in an STATE INCOME TAX FREE STATE.?
Approx.? 4,650 SF Automotive Building with 8 Bays on Approx.? 1.04 Acres
?17.5 Yrs remaining on an original 20 yr lease
?Ideal for Private Investors or 1031 Exchange Buyers Seeking an Income-Producing Automotive Asset with Strong Credit Tenancy with no Landlord Responsibilities
?Located in Arlington within the Dallas–Fort Worth Metroplex, One of the Largest and Fastest-Growing Metropolitan Areas in the United States
?Strategically Positioned along NE Green Oak Boulevard, a Major Commercial Thoroughfare Serving Dense Residential Neighborhoods and Established Retail Corridors throughout Arlington as well as Immediate Access to Interstate 30 and State Highway 360, which Provides Strong Regional Connectivity throughout DFW
?Located near Major Regional Attractions Including AT&T Stadium, Globe Life Field, and Six Flags Over Texas Supporting Significant Regional Traffic and Employment Activity
The Property is listed in conjunction with Texas licensed RJL Real Estate Consultants.?
Brakes Plus Corp. Absolute Net Lease with No Landlord Responsibilities
20 Year Lease with 17.5 Years Remaining
Guaranteed by Mavis Tire Express Service Topco Corp.
7.5% Rental Bumps Every 5 Yrs. with 6 (5) Year Renewal Options
Fee Simple Ownership
Strong Arlington Texas Location in a State Income Tax Free State
Velocity Retail Group is pleased to offer the Brakes Plus Absolute NNN Investment located at 1351 NE Green Oaks Blvd.? in Arlington, Texas.? The lease has 17.5 years remaining on the initial 20-year term.? The Absolute Net Lease has no Landlord Responsibilities.? The lease is backed by a strong corporate guarantee from Mavis Tire Express Services TopCo Corp, the largest tire service operator in the U.?S.? with over 3,500 locations.? Mavis operates a highly diversified portfolio of brands, including Mavis Discount Tire, Express Oil Change, Brakes Plus, NTB, Tire Kingdom, Midas, and Town Fair Tire.? The Corporate Guaranteed Lease offers an investor durable income in an STATE INCOME TAX FREE STATE.?
?Approx.? 4,650 SF Automotive Building with 8 Bays on Approx.? 1.04 Acres
?17.5 Years Remaining on an Initial 20 yr Lease
?Ideal for Private Investors or 1031 Exchange Buyers Seeking an Income-Producing Automotive Asset with Strong Credit Tenancy with No Landlord Responsibilities
?Located in Arlington within the Dallas–Fort Worth Metroplex, One of the Largest and Fastest-Growing Metropolitan Areas in the United States
?Strategically Positioned along NE Green Oak Boulevard, a Major Commercial Thoroughfare Serving Dense Residential Neighborhoods and Established Retail Corridors throughout Arlington as well as Immediate Access to Interstate 30 and State Highway 360, which Provides Strong Regional Connectivity throughout DFW
?Located near Major Regional Attractions Including AT&T Stadium, Globe Life Field, and Six Flags Over Texas Supporting Significant Regional Traffic and Employment Activity
The Property is listed in conjunction with Texas licensed RJL Real Estate Consultants.?
Velocity Retail Group is pleased to offer the Brakes Plus Absolute NNN Investment located at 1351 NE Green Oaks Blvd.? in Arlington, Texas.? The lease has 17.5 years remaining on the initial 20-year term.? The Absolute Net Lease has no Landlord Responsibilities.? The lease is backed by a strong corporate guarantee from Mavis Tire Express Services TopCo Corp, the largest tire service operator in the U.?S.? with over 3,500 locations.? Mavis operates a highly diversified portfolio of brands, including Mavis Discount Tire, Express Oil Change, Brakes Plus, NTB, Tire Kingdom, Midas, and Town Fair Tire.? The Corporate Guaranteed Lease offers an investor durable income in an STATE INCOME TAX FREE STATE.?
Approx.? 4,650 SF Automotive Building with 8 Bays on Approx.? 1.04 Acres
?17.5 Yrs remaining on an original 20 yr lease
?Ideal for Private Investors or 1031 Exchange Buyers Seeking an Income-Producing Automotive Asset with Strong Credit Tenancy with no Landlord Responsibilities
?Located in Arlington within the Dallas–Fort Worth Metroplex, One of the Largest and Fastest-Growing Metropolitan Areas in the United States
?Strategically Positioned along NE Green Oak Boulevard, a Major Commercial Thoroughfare Serving Dense Residential Neighborhoods and Established Retail Corridors throughout Arlington as well as Immediate Access to Interstate 30 and State Highway 360, which Provides Strong Regional Connectivity throughout DFW
?Located near Major Regional Attractions Including AT&T Stadium, Globe Life Field, and Six Flags Over Texas Supporting Significant Regional Traffic and Employment Activity
The Property is listed in conjunction with Texas licensed RJL Real Estate Consultants.?
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,650 SF
Building Class
B
Year Built
1999
Price
$3,171,562 CAD
Price Per SF
$682.06 CAD
Cap Rate
6.12%
NOI
$194,251 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.04 AC
Zoning
Commercial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Services
- -
- -
- Triple Net
- Feb 2044
Brakes Plus began in 1990 as a brake-focused automotive service business and has since grown into a full-service auto repair brand. The company offers brake repair, oil changes, alignments, batteries, diagnostics, tire rotation, and other routine maintenance and repair services for cars and trucks. Brakes Plus serves customers through a broad regional network and continues to add new locations, including recent expansion into new markets. The company's business centers on quick-service maintenance and general repair work, with a strong focus on brake-related services and scheduled vehicle care.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Services | - | - | Triple Net | Feb 2044 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06907245 | Improvements Assessment | $1,390,504 CAD |
| Land Assessment | $453,139 CAD | Total Assessment | $1,843,643 CAD |
Property Taxes
Parcel Number
06907245
Land Assessment
$453,139 CAD
Improvements Assessment
$1,390,504 CAD
Total Assessment
$1,843,643 CAD
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1351 NE Green Oaks Blvd
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