Mavis Automotive Service
For Sale
Contact for pricing
3910 W State Highway 31, Corsicana, TX 75110
Newly built automotive service facility backed by a long-term absolute NNN lease and corporate guaranty.
Property Size6,925 SF
Lot Size1.07 Acres
Price / SF$431.86
Days on Market52
Property Features for 3910 W State Highway 31
General Information
Standard status
Active
Size
6,925 SF
Lot size
1.07 Acres
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
5.35%
Building Details
Year Built
2024
Listing Agency:
Marcus & Millichap | Phoenix
(602) 687-6700
Listed By:
Alex Frankel
(216) 292-7006
Source:
Moodyscre
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 30 at 6:05PM
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 Marcus & Millichap | Phoenix
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Investment Insights
Based on property information with market context.
Built in 2024, this 6,925-square-foot automotive service property sits on 1.07 acres and is supported by a brand-backed absolute NNN lease with a 20-year initial term. The lease includes a corporate guaranty, 5% rent increases every five years, and multiple renewal options. The investment offers a 5.35% cap rate.
The property fronts State Hwy 31 West, a significant local thoroughfare with direct access to Interstate 45. It is positioned across from a Walmart Supercenter and near Tractor Supply Co, ALDI, McDonald's, Planet Fitness, and other national tenants. Navarro College is down the road, with approximately 11,000 students, while immediate-area households are projected to grow by more than 7% by 2030.
Mavis provides automotive services including brakes, alignments, oil changes, suspension work, shocks, struts, battery replacement, and exhaust work.
The property fronts State Hwy 31 West, a significant local thoroughfare with direct access to Interstate 45. It is positioned across from a Walmart Supercenter and near Tractor Supply Co, ALDI, McDonald's, Planet Fitness, and other national tenants. Navarro College is down the road, with approximately 11,000 students, while immediate-area households are projected to grow by more than 7% by 2030.
Mavis provides automotive services including brakes, alignments, oil changes, suspension work, shocks, struts, battery replacement, and exhaust work.
Key Highlights
- 6,925‑square‑foot automotive service property on 1.07 acres
- Built in 2024 with a 20‑year absolute NNN lease
- Corporate guaranty, 5% rent increases every five years, and multiple renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,944
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,298,880
$2.3M
Cap Rate 7%
$1,642,057
$1.6M
Cap Rate 9%
$1,277,156
$1.3M
Market Conditions
NOI Build-Up for 6,925 SF
Gross rent
$172.8K $24.96/SF
− Vacancy
−$8.6K −$1.25/SF
EGI
$164.2K $23.71/SF
− OpEx
−$49.3K −$7.11/SF
NOI
$114.9K $16.60/SF
Area
Navarro County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,298,880
Cap Rate 7%
$1,642,057
Cap Rate 9%
$1,277,156
Alternative Uses
Best Use
Retail
$1.64M
$1.44M – $1.92M
NOI $114,944 @ 7.0% cap · market cap 3.84%
Second Best
Industrial
$634.5K
$555.2K – $740.3K
NOI $44,416 @ 7.0% cap · market cap 1.49%
Theoretical Best
Multifamily LT 5
$76.08M
$66.57M – $88.76M
NOI $5,325,486 @ 7.0% cap · market cap 178.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 75110, TX
30,336
Population
11,980
Households
2.5
Avg Household Size
35
Median Age
17%
College-Educated
77%
High-School Grad
137.5 sq mi
ZIP Area
221
Density / Sq Mi
$53,053
Median Household Income
$29,804
Median Earnings
$1,043
Median Rent
$169,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Blakes recovery — 4430 State Hwy 31 W, Corsicana, TX 75110
- J & L Industrial Tire Co — 4548 State Hwy 31 W, Corsicana, TX 75110
- Rock-N-Roll Customs — 4429 w, state hwy 31 w, corsicana, tx 75110
- Walmart Auto Care Centers — 3801 TX-31, Corsicana, TX 75110
- Auto Shoes — 3005 W 7th Ave, Corsicana, TX 75110
Frequently Asked Questions
What type of property is this?
Auto shop - Newly built automotive service facility backed by a long-term absolute NNN lease and corporate guaranty.
Where is this auto shop located?
The property is located at 3910 W State Highway 31 Corsicana, TX.
What is the asking price?
The asking price for this property is $2,990,654.
What are key features of this property?
This property features: 6,925‑square‑foot automotive service property on 1.07 acres; Built in 2024 with a 20‑year absolute NNN lease; Corporate guaranty, 5% rent increases every five years, and multiple renewal options
