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Mavis Tires & Brakes Sale-Leaseback 521 W University Dr 8,800 SF Retail Building Denton, TX 76201 $4,182,364 CAD ($475.27 CAD/SF) 5.35% Cap Rate
Investment Highlights
- Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
- Mavis Offers a Menu of Additional Services Including Brakes, Alignments, Oil Changes, Suspension, Shocks, Struts, Battery Replacement, & Exhaust Work
- Rapidly Growing Trade Area in the Dallas/Fort Worth MSA - Households and Population Projected to Increase 9-11% in the Immediate Area by 2030
- 5% Rental Increases Every Five Years with Multiple Renewal Options
- Mavis is One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
- Centrally Located within 2 Miles of the University of North Texas (±47,000 Students), Downtown Denton, and Texas Woman's University (±13,000 Students)
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,800 SF
Building Class
C
Year Built/Renovated
1962/2024
Price
$4,182,364 CAD
Price Per SF
$475.27 CAD
Cap Rate
5.35%
NOI
$223,756 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.06 AC
Zoning
SC - Suburban Corridor
Frontage
148’ on W University Dr
Amenities
- Dedicated Turn Lane
- Pylon Sign
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | R33921 | Improvements Assessment | $1,768,543 CAD |
| Land Assessment | $1,128,584 CAD | Total Assessment | $2,897,127 CAD |
Property Taxes
Parcel Number
R33921
Land Assessment
$1,128,584 CAD
Improvements Assessment
$1,768,543 CAD
Total Assessment
$2,897,127 CAD
Contacts
-
Alex Frankel -
Mark Ruble -
Christopher Lind -
Zack House -
Timothy Speck -
Marcus & Millichap
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Videos
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Photos
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Mavis Tires & Brakes Sale-Leaseback | 521 W University Dr
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