For Sale
$2,320,000

1900 Us-80Haughton, LA 71037

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity featuring a 10,000-square-foot Mavis Discount Tire located at 1900 US-80 in Haughton, Louisiana (zip code 71037). This property boasts a brand new 20-year absolute triple-net (NNN) lease with a corporate guarantee from Mavis Discount Tires, one of the largest independent automotive service businesses in the United States, operating over 2,000 service centers across 38 states. The lease includes a 6.25% cap rate and attractive 5% rent bumps every five years, with multiple five-year renewal options ensuring long-term, stable income. Built in phases between 1972, 1990, and 2022, the building sits on a 2.46-acre lot and enjoys 100% occupancy. The property generates a net operating income (NOI) of $145,000 annually. Situated in Bossier Parish, within the Shreveport-Bossier City metropolitan statistical area, this easily accessible location along Highway 80 benefits from high visibility to over 19,500 vehicles daily, serving a growing trade area with 153,843 residents within a 10-mile radius. Mavis offers a comprehensive range of services beyond tires, including brakes, alignments, oil changes, suspension work, battery replacement, and exhaust repairs, contributing to its strong and consistent performance. This is a rare opportunity to acquire a high-performing, net-leased asset with a blue-chip tenant and significant upside potential.

Highlights

  • Brand new 20-year absolute triple-net (NNN) lease with corporate guarantee from Mavis Discount Tire.
  • 5% rent increases every five years with multiple renewal options.
  • Mavis provides comprehensive automotive services including brakes, alignments, oil changes, and more.
  • Mavis is a major national automotive service chain with over 2,000 locations.
  • Strong demographics: 153,843 residents within a 10-mile radius of a growing Shreveport MSA trade area.
  • High-traffic location on Highway 80, with visibility to over 19,500 vehicles daily.

Property Details for 1900 Us-80

Property type
Retail properties, Auto shops
Square Feet
10,000 SF
Year Built
1972
Lot Size (sq. ft)
107,158 SF

Location Insight

City
Haughton
County
Bossier Parish
State
Louisiana
Latitude
32.555452
Longitude
-93.606598
1900 Us-80, Haughton, Louisiana

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1900 Us-80
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message