Denton, TX 76201

Mavis Tires & Brakes Sale-Leaseback

Property Address

521 West University Drive, Denton, TX, USA

Offering Summary

  • Price: $3,084,112
  • Lot Size: 1.06 Acres
  • Cap Rate: 5.35%
  • Year Built: 1962/2024
  • Building SF: 8,800
  • Status: Available
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  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 5% Rental Increases Every Five Years with Multiple Renewal Options
  • Mavis Offers a Menu of Additional Services Including Brakes, Alignments, Oil Changes, Suspension, Shocks, Struts, Battery Replacement, and Exhaust Work
  • Mavis is One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
  • Rapidly Growing Trade Area in the Dallas/Fort Worth MSA - Households and Population Projected to Increase 9-11% in the Immediate Area by 2030
  • Centrally Located within 2 Miles of the University of North Texas (±47,000 Students), Downtown Denton, and Texas Woman's University (±13,000 Students)
  • Situated in Dense Retail Corridor Surrounded by National Tenants: Kroger, McDonald's, Walgreens, Dollar Tree, and More

Broker Information