Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
$2,804,000
Brakes Plus Sale-Leaseback
Details
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 4,975
Cap Rate 5.35%
NOI $150,000
Occupancy 100%
Tenancy Single
Brand/Tenant Mavis Discount Tires
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 6, 5 Year Options
Year Built 2025
Acreage 0.580
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
20 YR Absolute NNN Sale-Leaseback | Mavis – 3,500+ Locations
Marketing description
Founded in 1990, Brakes Plus offers brake and auto repair services, tire rotation, oil changes, transmission services, and more. Whether it's scheduled maintenance or oil changes, shocks and struts or brake repair/maintenance, Brakes Plus provides customers a service they can trust at a price they can afford. Brakes Plus now has 190 locations and growing across seven states.
Casa Grande is a city in Pinal County, Arizona, halfway between Phoenix and Tucson. The city is home to an estimated 70,150 residents as of 2025. Casa Grande is strategically situated in the southern part of Arizona, conveniently accessible from major cities.
Investment highlights
- Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
- 5% Rental Increases Every Five Years with Multiple Renewal Options
- Brakes Plus Operates 190+ Locations Across 7 States
- Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States with Over 3,500 Service Centers Across the U.S.
- Situated in the Heart of Casa Grande's Primary Retail Corridor, Anchored by Lowe's, The Home Depot, Walmart, Fry's, and More
- High Traffic Location Along East Florence Blvd, Visible by ±35,100 Cars per Day
- Easy Freeway Access 2 Miles Off Interstate 10, a Significant Connector Providing Direct Access to Phoenix and Tucson
- Close Proximity to Casa Grande's Top Employers: Lucid Motors, Walmart, Banner Casa Grande Medical Center, Abbott Nutrition, and Frito-Lay
Listing Contacts
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,000.00
$12,500.00/mo
Valuation Metrics
0
DSCR
5.35%
Cap Rate
5.35%
ROI
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