Corsicana, TX (Dallas MSA) 75110

Mavis Tires & Brakes Sale-Leaseback

Property Address

3940 State Hwy 31 W, Corsicana, TX, USA

Offering Summary

  • Price: $2,990,654
  • Lot Size: 1.07 Acres
  • Cap Rate: 5.35%
  • Year Built: 2024
  • Building SF: 6,925
  • 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 3,500 Service Centers Throughout the U.S.
  • Across from Walmart Supercenter and Surrounded by National Tenants: Tractor Supply Co, ALDI, McDonald's, Planet Fitness, and More
  • Households Projected to Increase Over 7% in the Immediate Area by 2030
  • Down the Road from Navarro College (±11,000 Students)
  • Excellent Frontage Along State Hwy 31 West, a Significant Local Thoroughfare Providing Direct Access to Interstate 45

Broker Information