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31221577
31221578

35560 US-27, Haines City, FL 33844 For Sale

CS
FL FL SL3567539
Marcus & Millichap
DH
FL SL3301193
Marcus & Millichap
Listed by Marcus & Millichap
$2,564,600
125 days on market
Updated 5 days ago

Mavis Tires & Brakes | 18+ Yr NNN | Haines City, FL

Details
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 5,600
Cap Rate 6%
NOI $153,876
Occupancy 100%
Tenancy Single
Brand/Tenant Mavis Discount Tires
Lease Type NNN
Lease Expiration 03/14/2045
Remaining Term 18.6
Rent Bumps Yes
Lease Options Three, Five Year
Price per SqFt $458
Year Built 2009
Investment Type Net Lease

Mavis Tires & Brakes | Early Lease Extension

Marketing description

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.

Investment highlights

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.

High-Visibility Retail Corridor | ±59,000 VPD

Excellent frontage and visibility along US Highway 27, one of Polk County’s primary commercial corridors.

Rapidly Growing Central Florida Market

Located within the Lakeland–Haines City MSA, benefiting from strong residential growth, expanding rooftops, and continued commercial development.

Recession-Resistant Automotive Service Use

Necessity-based automotive maintenance and repair services generate recurring customer demand across varying economic cycles.

Listing Contacts

CS
FL FL SL3567539
Marcus & Millichap
DH
FL SL3301193
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$153,876.00
$12,823.00/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Christopher Skurka
License
FL SL3567539
Brokerage Phone
813-387-4774
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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