Triple Net Auto Service
240 W Harwood Rd Euless, TX 76039
240 W Harwood Rd, Euless, TX, 76039
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For Sale
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Pending
Absolute NNN auto service property with brand-new 20-year lease beginning in 2024 and Mavis corporate guarantee.
Days on Market89
Property Features for 240 W Harwood Rd
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
NX3 Commercial Group
Listed by
Luke Thomson · License #BK3562663
Source
Crexi
Added: Apr 24 Updated: Jul 21 at 5:39AM Checked: Jul 21 at 5:39AM
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
Location Intelligence
Current Use by Public Records
City Garage Auto ...
Auto Repair Shop
Brakes Plus
Auto Repair Shop
Similar For Sale Nearby
FAQs
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)
