Mavis Tires Absolute NNN
New
For Sale
$2,100,000
7152 Basswood Blvd, Fort Worth, TX 76131
A corporate-guaranteed lease provides scheduled rent increases and no landlord responsibilities.
Property Size6,925 SF
Days on Market1
Property Features for 7152 Basswood Blvd
General Information
Standard status
Active
Size
6,925 SF
Property subtype
Retail
Zoning
F: General Commercial
Building Details
Building Size
6,925 SF
Year Built
2026
Tenancy
Single
Listing Agency:
Logic Commercial Real Estate | Las Vegas
Listed By:
Michael Kaplan
(808) 377-0765
Source:
Srsre
Added: Oct 7
Last Checked: Oct 7 at 2:50PM
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 Logic Commercial Real Estate | Las Vegas
Investment Insights
Based on property information with market context.
This Mavis Tires & Brakes property in Fort Worth is scheduled for completion in 2026 and is leased on an absolute NNN basis. The corporate-guaranteed lease has a 20-year initial term, four 5-year extension options, and 10% rent increases every 5 years during the initial term and at the start of each option period. The tenant is responsible for CAM, taxes, insurance, and maintenance of the premises, leaving no landlord responsibilities. The site is zoned F: General Commercial.
The property is part of Victory Shops at Basswood, alongside Crunch Fitness, Chipotle, Starbucks, Jersey Mike’s, Swig, and Chase Bank. Across the street, Basswood Village is anchored by Kroger and includes CVS, Take 5 Car Wash, and Pizza Hut. Saginaw High School is also across the street. The trade area includes more than 294,300 residents and 76,500 employees; Fort Worth has more than 1 million residents.
The property is part of Victory Shops at Basswood, alongside Crunch Fitness, Chipotle, Starbucks, Jersey Mike’s, Swig, and Chase Bank. Across the street, Basswood Village is anchored by Kroger and includes CVS, Take 5 Car Wash, and Pizza Hut. Saginaw High School is also across the street. The trade area includes more than 294,300 residents and 76,500 employees; Fort Worth has more than 1 million residents.
Key Highlights
- Absolute NNN lease with no landlord responsibilities
- Corporate‑guaranteed lease has a 20‑year initial term and four 5‑year extension options
- 10% rent increases every 5 years during the initial term and at each option period
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,309
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,226,180
$2.2M
Cap Rate 7%
$1,590,129
$1.6M
Cap Rate 9%
$1,236,767
$1.2M
Market Conditions
NOI Build-Up for 6,925 SF
Gross rent
$167.0K $24.12/SF
− Vacancy
−$8.0K −$1.16/SF
EGI
$159.0K $22.96/SF
− OpEx
−$47.7K −$6.89/SF
NOI
$111.3K $16.07/SF
Area
ZIP 76131
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,226,180
Cap Rate 7%
$1,590,129
Cap Rate 9%
$1,236,767
Alternative Uses
Best Use
Retail
$1.59M
$1.39M – $1.86M
NOI $111,309 @ 7.0% cap · market cap 5.30%
Second Best
Industrial
$564.0K
$493.5K – $658.1K
NOI $39,483 @ 7.0% cap · market cap 1.88%
Theoretical Best
Multifamily LT 5
$1.74M
$1.52M – $2.03M
NOI $121,766 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 76131, TX
48,515
Population
18,145
Households
2.7
Avg Household Size
33
Median Age
35%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
3,130
Density / Sq Mi
$104,301
Median Household Income
$56,912
Median Earnings
$1,780
Median Rent
$316,000
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 - A corporate-guaranteed lease provides scheduled rent increases and no landlord responsibilities.
Where is this nnn property located?
The property is located at 7152 Basswood Blvd Fort Worth, TX.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Absolute NNN lease with no landlord responsibilities; Corporate‑guaranteed lease has a 20‑year initial term and four 5‑year extension options; 10% rent increases every 5 years during the initial term and at each option period
