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    12336 W State Highway 29 Liberty Hill, TX 78642

    For Sale
    $3,008,850

    New 20-year NNN lease with rental increases and corporate guaranty.

    Property size:
    4,600 SF
    Lot size:
    0.78 Acres

    Property Features for 12336 W State Highway 29

    General Information

    Size
    4,600 SF
    Lot size
    0.78 Acres

    Source: Marcus & Millichap | Phoenix Agent Alex Frankel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New NNN Lease Opportunity

    This property features a brand new 20-year absolute triple-net (NNN) lease with 5% rental increases every five years and multiple renewal options. The corporate guaranty is provided by Mavis Tire Express Services Corp., a large independent automotive service business with over 2,000 service centers across 38 states. The site is occupied by Brakes Plus, which operates more than 169 locations across 6 states. Located along State Highway 29, the property benefits from high visibility, with nearly 38,000 cars passing by daily. It is adjacent to the Liberty Parke and Stonewall Ranch housing communities. The surrounding trade area is experiencing rapid growth, with households and population projected to increase by over 27% by 2029. The area is affluent, with an average household income exceeding $150,000 within a 5-mile radius. The property is suitable for auto shops, automotive retail, and specialty purposes.
    Location Intelligence

    Current Use by Public Records

    Brakes Plus Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Brakes Plus, SAS Towing and Recovery Inc, Velocity Tire, Arthur Automotive and Classics, Caliber Collision

    Location Insight

    • Map
    • Local Demand
    City
    Liberty Hill
    County
    Williamson
    State
    Texas
    Longitude
    -97.893556
    Latitude
    30.664149

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    FAQs

    What type of property is this?
    Auto shop - New 20-year NNN lease with rental increases and corporate guaranty.
    Where is this auto shop located?
    The property is located at 12336 W State Highway 29 Liberty Hill, TX.
    What is the asking price?
    The asking price for this property is $3,008,850.
    What are key features of this property?
    This property features: - Brand new 20-year absolute triple-net (NNN) lease; - Corporate guaranty by Mavis Tire Express Services Corp.; - 5% rental increases every five years with multiple renewal options
    (216) 292-7006
    Request Owner's contact information
    12336 W State Highway 29 Liberty Hill, TX 78642
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    Liberty Hill, TX 78642
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12336 W State Highway 29 Liberty Hill, TX 78642
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