1665 US 377 Hwy - Auto Repair FOR SALE
Roanoke, TX 76262 |
$3,008,850 USD
216-292-7006
1665 US 377 Hwy
Roanoke, TX 76262
HIGHLIGHTS
- 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
- 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
OVERVIEW
Founded in 1990, Brakes Plus offers brake and auto repair services, tire rotation, oil changes, transmission services, and more.
Roanoke is a city in Denton County, Texas, home to over 10,000 residents. The city is 30 miles northwest of Dallas and 20 miles northeast of Fort-Worth. Roanoke offers a unique quality of life and has friendly small town charm and the amenities of a big city in the heart of the Metroplex.
FOR SALE DETAILS
PRICE
$3,008,850 USD
PRICE/SF
$654 USD /SF
CAP RATE
5.65%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Brakes Plus - Abs NNN 20 YR Sale-Leaseback
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.79 AC
LAND SF
34,412 SF
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
216-292-7006
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
216-292-7006
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
