Mavis Discount Tire

1807 Victory Drive, Marshall, TX 75672

$2,229,231

Cap Rate 6.50%

Views: 22 DOM: 54 Updated: 03.23.24 Posted: 03.23.24 Status: Active

Summary

Price $2,229,231	Built/Renov 1945	Tenant Mavis Discount Tire
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corp Rated
Size/SF 8,360	Lease Start 05-01-2024	#Units 748
Price/SF $266.65	Expiration 04-30-2044	Tenant Type Automotive
NOI $144,900	R. Term 19.11	Ownership Fee Simple
Rent/SF $17.33	Increases 5.0%/5/yrs	Pop 5Mi 26,995
Lot/AC 0.31	Options 6/5yrs/5%	AHHI 5Mi $66,996

Lease Highlights

Mavis Discount Tire will be executing a brand-new 20-year lease with 6 (5-year) options to extend at the close of escrow
The lease features 5% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Mavis Discount Tire is strategically located at the signalized, hard corner intersection of Victory Dr/Hwy 80 and E End Blvd/Hwy 59, with access to a combined daily traffic count of 39,600 vehicles. The property is situated in a dense retail corridor anchored by Kroger, Tractor Supply Co, Lowe's Home Improvement, and Walmart. Moreover, it enjoys a convenient location just 5 minutes away from...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Highway location
Major MSA
Income tax free state
Brand new lease
Long 20+ yr lease
Corporate Guarantee
Credit rated company

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Links

Mavis Discount Tire Wikipedia Mavis Discount Tire Wikipedia Marshall, Texas Zip Code 75672 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Mavis Discount Tire
Guarantor:Corp Rated
Company:Mavis Tire Express Services
# Units:748
Tenant S&P: B-
Moody’s: B3
Stock:Private

About Tenant

Mavis Discount Tire (“Mavis”) is an independent American tire dealer and automotive service chain. Founded in 1972, the chain offers additional services including brakes, alignments, suspension,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	3,250	21,695	26,165
2023 Total Population :	3,301	21,883	26,262
2023 Employed Civilian Pop :	1,261	8,290	9,886
2023 Total Businesses :	422	1,130	1,313
2023 Average Household Income :	$ 61,789	$ 63,421	$ 65,471
2023 Total Consumer Spending :	$ 68 M	$ 441 M	$ 556 M
2023 Median Age :	33	35	36
2023 Total Households :	1,261	7,931	9,677
2023 Pop Age 25+: Bachelor's Degree :	298	2,302	2,752
2023 Average Home Value :	$ 258,085	$ 201,658	$ 209,455

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Victory Drive	Veterans Ave	2022	14,561	0.07 mi
Veterans Ave	Victory Dr	2002	16,200	0.08 mi
N East End Blvd	Small St	2016	21,881	0.12 mi
East End Boulevard North	Lower Port Caddo Rd	2022	21,435	0.14 mi
East Grand Avenue	Blanche St	2022	18,264	0.18 mi
Karnack Hwy	Powers St	2018	4,818	0.30 mi
Karnack Highway	Powers St	2020	4,991	0.30 mi
Karnack Highway	Powers St	2022	4,647	0.30 mi
East Travis Street	E End Blvd S	2018	5,782	0.44 mi
East End Boulevard North	Poplar St	2022	17,591	0.47 mi

Listing Broker

Chris Lind

Marcus & Millichap: NLAG

Contact

162 Listings
6461 Views
73 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

163 Listings
6529 Views
74 Sold

Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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