Roanoke, TX 76262

Brakes Plus Sale-Leaseback

Property Address

1665 North U.S. Highway 377, Roanoke, TX, USA

Offering Summary

  • Price: $3,008,850
  • Lot Size: .79 Acres
  • Cap Rate: 5.65%
  • Year Built: 2024
  • Building SF: 4,600
  • Status: Available
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  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 5% Rental Increases Every Five Years with Multiple Renewal Options
  • Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
  • Brakes Plus Operates 169+ Locations Across 6 States
  • Affluent Trade Area with Average Household Income Exceeding $176,000 within a 5-Mile Radius
  • Rapidly Growing Trade Area - Households and Population Projected to Increase 8% in the Surrounding Area by 2029
  • Located Along a Dense Retail Corridor - Major Tenants Include Walmart, The Home Depot, PetSmart, and More
  • Easily Accessible by 84,000+ Cars/Day via Highway 377 and Highway 114

Broker Information