1708 Pope Rd - Auto Repair FOR SALE


Bradenton, FL 34211- Lakewood Ranch
$3,809,524 USD
216-292-7006
1708 Pope Rd, Bradenton, FL for Sale
$3,809,524 USD
Auto Repair - FOR SALE
1/5
null | 5.25% Cap Rate

1708 Pope Rd
Bradenton, FL 34211
Lakewood Ranch


HIGHLIGHTS

  • 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, & 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
  • Households and Population Projected to Increase More Than 14% in the Immediate Area by 2029
  • Easily Accessible by Approximately 35,000 Cars per Day Along State Route 64

OVERVIEW

Mavis has been saving people money on tires for more than 50 years. While the company was founded as Mavis Tire Supply Corporation in 1972, its roots can be traced back to 1949. Originally a bicycle shop, the family owned business became a tire shop by filling a neighborhood need to work on automobile tires and quickly grew their reputation and customer base. Bradenton is a city located in Manatee County, Florida. Situated on the Gulf Coast, it is part of the Tampa Bay Area. With a population of around 55,698 residents as of the 2020 census, Bradenton offers a mix of coastal charm, cultural attractions, and natural beauty.

FOR SALE DETAILS

PRICE

$3,809,524 USD

PRICE/SF

$553 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Tires & Brakes Sale-Leaseback

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Repair, Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

-

APN/PARCEL ID

5799-1380-9

ASK ABOUT THIS PROPERTY

Alex FrankelMarcus & MillichapMore Info
216-292-7006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Alex FrankelMarcus & MillichapMore Info
216-292-7006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.