Listed by SURMOUNT
$2,564,103
Brakes Plus
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 4,897
Cap Rate 5.85%
NOI $150,000
Tenancy Single
Brand/Tenant Express Oil, Mavis Discount Tires
Lease Type NNN
Lease Term 20
Remaining Term 20
Year Built 2025
Acreage 1.050
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition Sale for leaseback
Absolute NNN 20-Year Corporate Sale-Leasebacks
Marketing description
Surmount is pleased to present the exclusive listing for a Brakes Plus located at 4900 North May Avenue, Oklahoma City, OK 73112. Brakes Plus is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $150,000 and has scheduled increases of 5.00% Every 5 Years.
Investment highlights
- Excellent Corporate Guarantee from Leading Tire Retailer | The lease is backed by a strong corporate guarantee from Mavis Tire Express Services TopCo Corp, the largest tire service operator in the U.S. with over 3,000 locations. Mavis operates a highly diversified portfolio of brands, including Mavis Discount Tire, Express Oil Change, Brakes Plus, NTB, Tire Kingdom, Tuffy Tire, Midas, and Town Fair Tire.
- Outstanding Retail Pocket | The subject property is positioned in a dense retail corridor with various anchor tenants. The property is directly across from an Aldi, and is just steps away from a Target, The Home Depot, Walmart, Lowe’s, and Sam’s Club. All these tenants help drive consistent consumer traffic in the area.
- Strong Demographics in Oklahoma’s Largest City | The subject property benefits from its location in the capital and most populous city in Oklahoma, with over 12,000 individuals within a one-mile radius, over 101,000 individuals within a three-mile radius, and over 227,000 individuals within a five-mile radius.
- High-Traffic Retail Corridor | The subject property is strategically positioned on N May Ave, one of the main throughways in the area. N May Ave brings over 22,000 vehicles daily directly to the site, ensuring that there is continued traffic flow nearby.
Listing Contacts
Listed by SURMOUNT
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,000.00
$12,500.00/mo
Valuation Metrics
0
DSCR
5.85%
Cap Rate
5.85%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
