35560 N US Highway 27 - Auto Repair FOR SALE


Haines City, FL 33844
$2,564,600 USD
631-972-7170
35560 N US Highway 27, Haines City, FL for Sale
$2,564,600 USD
Auto Repair - FOR SALE
1/7
null | 6% Cap Rate

35560 N US Highway 27
Haines City, FL 33844


OVERVIEW

Marcus & Millichap is pleased to exclusively present the opportunity to acquire a Mavis Tires & Brakes located in Haines City, Florida. The property consists of a ±5,600-square-foot freestanding automotive service facility situated on US Highway 27, one of Central Florida’s primary commercial corridors with approximately 59,000 vehicles per day. The property is leased to GIMEX Properties Corp., Inc. and operates under the Mavis Tires & Brakes platform, one of the nation’s largest automotive service providers with more than 3,500 locations across 38 states. The tenant recently executed an early 15-year lease extension, extending the lease through March 2045 and demonstrating a significant long-term commitment to this location. The lease offers approximately 18.7 years of remaining term, plus three additional five-year renewal options extending potential occupancy through 2060. The lease is structured as Modified NNN, with the tenant responsible for CAM, real estate taxes, and insurance, while the landlord is responsible for the roof and exterior walls. The lease also features scheduled contractual increases, including approximately 5% increases throughout the renewal options. Strategically positioned between Tampa and Orlando along the rapidly expanding I-4 corridor, the property benefits from strong population growth, continued residential development, and increasing demand for necessity-based automotive services. The Lakeland–Haines City MSA continues to experience robust economic expansion, making the area an attractive long-term investment market. This offering presents investors with the opportunity to acquire a long-term automotive net lease investment operated under an established national platform, featuring approximately 18.7 years of remaining lease term, contractual rent growth, and a proven operating location in one of Central Florida’s fastest-growing retail corridors. Early 15-Year Lease Extension Executed Tenant executed an early 15-year lease extension through March 2045, demonstrating a long-term commitment to the location. Approximately 18.7 Years Remaining | Options Through 2060 Approximately 18.7 years of remaining lease term with three additional five-year renewal options extending potential occupancy through 2060. National Automotive Service Platform | 3,500+ Locations Operated under the Mavis Tires & Brakes platform, one of the nation’s largest automotive service providers with more than 3,500 locations across 38 states. Modified NNN Lease Structure Tenant is responsible for CAM, real estate taxes, and insurance, with landlord responsibility limited to the roof and exterior walls. Scheduled Contractual Rent Increases Contractual increases during the extended term, followed by approximately 5% increases throughout the renewal options. Purpose-Built Automotive Facility | Seven Service Bays Purpose-built ±5,600-square-foot automotive service facility designed for long-term operational functionality. Established Operating Location | 17+ Years Successfully operating at this location for more than 17 years, demonstrating a proven operating history and site stability.

FOR SALE DETAILS

PRICE

$2,564,600 USD

PRICE/SF

$458 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

ILW

APN/PARCEL ID

27-27-19-744115-000010

ASK ABOUT THIS PROPERTY

Christopher SkurkaMarcus & MillichapMore Info
631-972-7170

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Christopher SkurkaMarcus & MillichapMore Info
631-972-7170

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