304 N Grand Ave - Auto Repair FOR SALE


Gainesville, TX 76240
$3,177,570 USD
914-403-7574
304 N Grand Ave, Gainesville, TX for Sale
$3,177,570 USD
Auto Repair - FOR SALE
1/3
null | 5.35% Cap Rate

304 N Grand Ave
Gainesville, TX 76240


HIGHLIGHTS

  • Excellent Corporate Guarantee from Leading Tire Retailer
  • High-Traffic Gainesville Location
  • Income Tax-Free State
  • Established Retail & Service Corridor

OVERVIEW

Surmount is pleased to present the exclusive listing for a Mavis Tires & Brakes located at 304 North Grand Avenue, Gainesville, TX 76240. The site consists of roughly 6,925 rentable square feet of building space on an estimated 0.68-acre parcel of land. Mavis Tires & Brakes is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $170,000 and has scheduled increases of 5.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$3,177,570 USD

PRICE/SF

$459 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Tires & Brakes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

-

APN/PARCEL ID

22061,22062,24041,5981

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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