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Mavis Tires & Brakes Sale-Leaseback 926 N Brindlee Mountain Pky 5,670 SF Retail Building Arab, AL 35016 $3,722,454 CAD ($656.52 CAD/SF) 6% Cap Rate



INVESTMENT HIGHLIGHTS
- New 20-Year NNN Lease with Attractive Escalations and No Landlord Responsibilities
- Situated between Huntsville & Birmingham
- Proximate to retailers like Walmart, Harbor Freight, CVS Pharmacy & McDonald's
- Brand New Construction Sold at Development cost
- Positioned off of North Brindlee Mountain Parkway (16,500 VPD) and a half mile east of North Main Street (5,532 VPD)
- Affluent Demographic Profile | Nearly 20,0000 people within a 5-mile radius
EXECUTIVE SUMMARY
As the exclusive advisor to Ownership, CBRE, Inc. is proud to offer qualified investors the opportunity to acquire, via long-term sale-leaseback, the recently constructed 5,670-square-foot Mavis Tires & Brakes (dba Express Oil Change) located at 926 North Brindlee Mountain Parkway, Arab, AL (the “Property”). Structured as a NNN lease with no landlord responsibilities, the Property will include a new 20-year lease to Mavis Tire Supply LLC (the “Tenant”) with six, 5-year options to renew. The lease will feature a 5% escalation every five years and all renewal options will be subject to the same 5% escalation at each onset. The Property will be sold at its development cost of $2,666,667 and investors are asked to bid the rent / capitalization rate as part of their offer.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,670 SF
Building Class
B
Year Built
2024
Price
$3,722,454 CAD
Price Per SF
$656.52 CAD
Cap Rate
6%
NOI
$223,347 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
3.57 AC
Parking
25 Spaces (4.41 Spaces per 1,000 SF Leased)
Frontage
255’ on North Brindlee Mountain P
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 130623-1-000-050001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $65,408 CAD |
PROPERTY TAXES
Parcel Number
130623-1-000-050001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$65,408 CAD
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Mavis Tires & Brakes Sale-Leaseback | 926 N Brindlee Mountain Pky
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