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Auto Parts

Brakes Plus Sale-Leaseback

3522 Dell Range Blvd, Cheyenne, WY 82009

Listing Price: $2,869,565

Cap Rate
5.75%
Tenant Name
Brakes Plus
Years Remaining On Lease
20.1
Gross SF
4,900
Guarantor
Corporate Guarantee
Rentable SF
4,900
Price/Gross SF
$585.63
Lease Type
Absolute Net
Rent Per Square Feet
$33.67

Investment Overview

Brakes Plus offers brake and auto repair services, tire rotation, oil changes, transmission services, and more. Brakes Plus has 176 locations and growing across six states.

Cheyenne, the capital of Wyoming, is also the state’s most populous metro with about 103,000 people. The metropolitan area, located at the northern end of the Front Range, covers all of Laramie County in the southeastern portion of the state.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • Five Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
  • Brakes Plus Operates Over 176 Locations Across Six States
  • Densely Populated Trade Area in Cheyenne - 82,605 Residents within a Five-Mile Radius

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) WY: RE-16571

    Wyoming

Financing By

Auto Parts

Brakes Plus Sale-Leaseback

Listing Price: $2,869,565

Cap Rate
5.75%
Tenant Name
Brakes Plus
Years Remaining On Lease
20.1
Gross SF
4,900
Guarantor
Corporate Guarantee
Rentable SF
4,900
Price/Gross SF
$585.63
Lease Type
Absolute Net
Rent Per Square Feet
$33.67

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • Five Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
  • Brakes Plus Operates Over 176 Locations Across Six States
  • Densely Populated Trade Area in Cheyenne - 82,605 Residents within a Five-Mile Radius

Investment Overview

Brakes Plus offers brake and auto repair services, tire rotation, oil changes, transmission services, and more. Brakes Plus has 176 locations and growing across six states. Cheyenne, the capital of Wyoming, is also the state’s most populous metro with about 103,000 people. The metropolitan area, located at the northern end of the Front Range, covers all of Laramie County in the southeastern portion of the state.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): WY: RE-16571

    Wyoming

Financing By

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