Triple Net Auto Service
For Sale
Contact for pricing
240 W Harwood Rd, Euless, TX 76039
Absolute NNN auto service property with brand-new 20-year lease beginning in 2024 and Mavis corporate guarantee.
Property SizeContact for details
Days on Market130
Property Features for 240 W Harwood Rd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
NX3 Commercial Group
Listed By:
Luke Thomson · License #BK3562663
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 23 at 11:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NX3 Commercial Group
Investment Insights
Based on property information with market context.
This triple net (NNN) auto service investment is leased to Mavis under an absolute NNN structure, meaning there are no landlord responsibilities. The property is subject to a brand-new 20-year lease that started in 2024, and the lease terms are designed to align the site with current Mavis specifications.
Mavis Tire Express Services TopCo Corp provides a strong corporate guarantee, supported by a 3,000+ unit footprint. The Mavis platform operates multiple brands, including Mavis Discount Tire, Express Oil Change, Brakes Plus, NTB, Tire Kingdom, Tuffy Tire, Midas, and Town Fair Tire. The lease also includes 8% rental increases every five years.
Ownership is in Texas, an income tax-free state, which may be advantageous for landlords when compared to income-tax-bearing jurisdictions. Prospective investors should discuss potential tax considerations with a CPA.
Mavis Tire Express Services TopCo Corp provides a strong corporate guarantee, supported by a 3,000+ unit footprint. The Mavis platform operates multiple brands, including Mavis Discount Tire, Express Oil Change, Brakes Plus, NTB, Tire Kingdom, Tuffy Tire, Midas, and Town Fair Tire. The lease also includes 8% rental increases every five years.
Ownership is in Texas, an income tax-free state, which may be advantageous for landlords when compared to income-tax-bearing jurisdictions. Prospective investors should discuss potential tax considerations with a CPA.
Key Highlights
- Absolute triple‑net (NNN) auto service lease with no landlord responsibilities
- Brand‑new 20‑year lease started in 2024
- Lease backed by corporate guarantee from Mavis Tire Express Services TopCo Corp (3,000+ unit operator)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 76039, TX
39,997
Population
17,862
Households
2.2
Avg Household Size
36
Median Age
43%
College-Educated
94%
High-School Grad
6.4 sq mi
ZIP Area
6,250
Density / Sq Mi
$83,177
Median Household Income
$49,863
Median Earnings
$1,690
Median Rent
$315,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN auto service property with brand-new 20-year lease beginning in 2024 and Mavis corporate guarantee.
Where is this nnn property located?
The property is located at 240 W Harwood Rd Euless, TX.
What are key features of this property?
This property features: Absolute triple‑net (NNN) auto service lease with no landlord responsibilities; Brand‑new 20‑year lease started in 2024; Lease backed by corporate guarantee from Mavis Tire Express Services TopCo Corp (3,000+ unit operator)
