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35560 N US Highway 27 5,600 SF Retail Building Haines City, FL 33844 $3,595,390 CAD ($642.03 CAD/SF) 6% Cap Rate



Executive Summary
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 GIMEX Properties Corp., Inc. and operates 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 approximately 18.7 years of remaining term, plus three additional five-year renewal options extending potential occupancy through 2060. The lease is structured as Modified NNN, with the tenant responsible for CAM, real estate taxes, and insurance, while the landlord is responsible for the roof and exterior walls. The lease also features scheduled contractual increases, including approximately 5% increases throughout the renewal options.
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 automotive net lease investment operated under an established national platform, featuring approximately 18.7 years of remaining lease term, contractual rent growth, and a proven operating location in one of Central Florida’s fastest-growing retail corridors.
Early 15-Year Lease Extension Executed
Tenant executed an early 15-year lease extension through March 2045, demonstrating a long-term commitment to the location.
Approximately 18.7 Years Remaining | Options Through 2060
Approximately 18.7 years of remaining lease term with three additional five-year renewal options extending potential occupancy through 2060.
National Automotive Service Platform | 3,500+ Locations
Operated under the Mavis Tires & Brakes platform, one of the nation’s largest automotive service providers with more than 3,500 locations across 38 states.
Modified NNN Lease Structure
Tenant is responsible for CAM, real estate taxes, and insurance, with landlord responsibility limited to the roof and exterior walls.
Scheduled Contractual Rent Increases
Contractual increases during the extended term, followed by approximately 5% increases throughout the renewal options.
Purpose-Built Automotive Facility | Seven Service Bays
Purpose-built ±5,600-square-foot automotive service facility designed for long-term operational functionality.
Established Operating Location | 17+ Years
Successfully operating at this location for more than 17 years, demonstrating a proven operating history and site stability.
The property is leased to GIMEX Properties Corp., Inc. and operates 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 approximately 18.7 years of remaining term, plus three additional five-year renewal options extending potential occupancy through 2060. The lease is structured as Modified NNN, with the tenant responsible for CAM, real estate taxes, and insurance, while the landlord is responsible for the roof and exterior walls. The lease also features scheduled contractual increases, including approximately 5% increases throughout the renewal options.
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 automotive net lease investment operated under an established national platform, featuring approximately 18.7 years of remaining lease term, contractual rent growth, and a proven operating location in one of Central Florida’s fastest-growing retail corridors.
Early 15-Year Lease Extension Executed
Tenant executed an early 15-year lease extension through March 2045, demonstrating a long-term commitment to the location.
Approximately 18.7 Years Remaining | Options Through 2060
Approximately 18.7 years of remaining lease term with three additional five-year renewal options extending potential occupancy through 2060.
National Automotive Service Platform | 3,500+ Locations
Operated under the Mavis Tires & Brakes platform, one of the nation’s largest automotive service providers with more than 3,500 locations across 38 states.
Modified NNN Lease Structure
Tenant is responsible for CAM, real estate taxes, and insurance, with landlord responsibility limited to the roof and exterior walls.
Scheduled Contractual Rent Increases
Contractual increases during the extended term, followed by approximately 5% increases throughout the renewal options.
Purpose-Built Automotive Facility | Seven Service Bays
Purpose-built ±5,600-square-foot automotive service facility designed for long-term operational functionality.
Established Operating Location | 17+ Years
Successfully operating at this location for more than 17 years, demonstrating a proven operating history and site stability.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,600 SF
Building Class
B
Year Built
2009
Price
$3,595,390 CAD
Price Per SF
$642.03 CAD
Cap Rate
6%
NOI
$215,723 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.15 AC
Zoning
ILW - Industrial Light Warehouse
Parking
50 Spaces (8.93 Spaces per 1,000 SF Leased)
Frontage
100’ on US Hwy 27
Amenities
- Dedicated Turn Lane
- Signage
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-27-19-744115-000010 | Improvements Assessment | $525,460 CAD |
| Land Assessment | $334,177 CAD | Total Assessment | $859,638 CAD |
Property Taxes
Parcel Number
27-27-19-744115-000010
Land Assessment
$334,177 CAD
Improvements Assessment
$525,460 CAD
Total Assessment
$859,638 CAD
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35560 N US Highway 27
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