1231 Loop 281 Longview, TX 75605

Property Details for 1231 Loop 281

Year built

1998

Lot size

1.75 lot acres

Property size

1,320 SF

Property type

Commercial real estate

APN

0353017707-069-00-02

APU

3530177070690002

Description

This exceptional investment opportunity presents a 6,500-square-foot Mavis Discount Tire located at 1231 W Loop 281, Longview, Gregg County, Texas, 75605. The property sits on approximately one acre of land and boasts a brand-new, 20-year absolute triple-net (NNN) lease with a strong corporate guarantee from Mavis Tire Express Services TopCo Corp, a leading national operator with over 2000 units. The lease commenced upon closing and features a fixed annual rent of $134,750, with built-in rent increases of 5% every five years, providing excellent protection against inflation. The property's 100% occupancy and a 5.50% cap rate make it a highly attractive investment. Built in 2022, this retail auto shop benefits from the recession-resistant nature of the tire and auto service industry, which demonstrated significant revenue growth even during economic downturns. The lease structure ensures minimal landlord responsibilities, maximizing passive income potential. This is a turnkey investment with significant long-term growth prospects. The property is situated in Longview, Texas, offering convenient access to major transportation routes and a strong local market. This offering presents a rare opportunity to acquire a high-quality, income-producing asset with a secure, long-term lease. The property's strong tenant, favorable lease terms, and prime location combine to create a compelling investment proposition.