521 W University Dr - Auto Repair FOR SALE


Denton, TX 76201- Downtown Denton
$3,084,112 USD
216-292-7006
521 W University Dr, Denton, TX for Sale
$3,084,112 USD
Auto Repair - FOR SALE
1/5
null | 5.35% Cap Rate

521 W University Dr
Denton, TX 76201
Downtown Denton


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
  • Rapidly Growing Trade Area in the Dallas/Fort Worth MSA - Households and Population Projected to Increase 9-11% in the Immediate Area by 2030
  • Centrally Located within 2 Miles of the University of North Texas (±47,000 Students), Downtown Denton, and Texas Woman's University (±13,000 Students)

OVERVIEW

As the largest multi-brand tire dealer in the United States, Mavis operates over 2,000 service centers in 38 states under three operating formats: Mavis Tire, Express Oil Change & Tire Engineers, and Brakes Plus. Denton is a city in the state of Texas and the county seat of Denton County with a population of approximately 140,000. The city is home to the University of North Texas, Texas Woman's University, and a world-class music and arts scene.

FOR SALE DETAILS

PRICE

$3,084,112 USD

PRICE/SF

$377 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

1962

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

SC

APN/PARCEL ID

R33921

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.