3940 State 31 W Hwy - Auto Repair FOR SALE


Corsicana, TX 75110
$2,990,654 USD
216-292-7006
3940 State 31 W Hwy, Corsicana, TX for Sale
$2,990,654 USD
Auto Repair - FOR SALE
1/5
null | 5.35% Cap Rate

3940 State 31 W Hwy
Corsicana, TX 75110


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 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

OVERVIEW

As the largest multi-brand tire dealer in the United States, Mavis operates over 3,500 service centers throughout the United States under a variety of operating formats, including: Mavis Tire, Express Oil Change & Tire Engineers, and Brakes Plus. Mavis generates approximately $2.4 billion in revenue annually. The Mavis brands are rapidly expanding with goals to add over 100 stores per year. Corsicana is the county seat of Navarro County in North Central Texas. It is located approximately 55 miles south of Dallas along Interstate 45, providing convenient access to both Dallas and Houston. The city occupies a strategic position between several major Texas markets, allowing businesses and residents to benefit from the amenities of larger metropolitan areas while maintaining the lower costs and quality of life associated with a smaller community.

FOR SALE DETAILS

PRICE

$2,990,654 USD

PRICE/SF

$432 USD /SF

CAP RATE

5.35%

% 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

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

-

APN/PARCEL ID

116480

ASK ABOUT THIS PROPERTY

Alex FrankelMarcus & MillichapMore Info
216-292-7006

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Alex FrankelMarcus & MillichapMore Info
216-292-7006

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