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Brakes Plus 1405 W University Dr 4,956 SF Retail Building Denton, TX 76201 $3,273,000 ($660.41/SF) 5.50% Cap Rate
EXECUTIVE SUMMARY
Corporate, Absolute NNN Lease with Zero Landlord Responsibilities – Allows an investor the opportunity to acquire a NNN asset on a truly passive income structure
High Quality 2022 Construction with 8 Docks – The lot features excellent ingress/egress and ample parking
1-Mile from University of North Texas with Annual Enrollment of over 34,400 Students
Strong Corporate Guarantee – The lease is backed by Mavis Tire Express Services Intermediate Corp. which has 14 different brands in their family and over 3,500 locations
Best In Class Tenant – Since its first opening in 1990, Brakes Plus has grown to over 180 locations across 6 states and is known for its commitment to quality, customer satisfaction, and strong regional presence
High Quality 2022 Construction with 8 Docks – The lot features excellent ingress/egress and ample parking
1-Mile from University of North Texas with Annual Enrollment of over 34,400 Students
Strong Corporate Guarantee – The lease is backed by Mavis Tire Express Services Intermediate Corp. which has 14 different brands in their family and over 3,500 locations
Best In Class Tenant – Since its first opening in 1990, Brakes Plus has grown to over 180 locations across 6 states and is known for its commitment to quality, customer satisfaction, and strong regional presence
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,956 SF
Building Class
C
Year Built
2022
Price
$3,273,000
Price Per SF
$660.41
Cap Rate
5.50%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.81 AC
Frontage
118’ on West University Drive
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R1007604 | Improvements Assessment | $1,016,463 |
| Land Assessment | $633,537 | Total Assessment | $1,650,000 |
PROPERTY TAXES
Parcel Number
R1007604
Land Assessment
$633,537
Improvements Assessment
$1,016,463
Total Assessment
$1,650,000
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Brakes Plus | 1405 W University Dr
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