519 Ligrani LnGrand Junction, CO 81505
Brakes Plus
13+ Yrs Abs. NNN Lease | Corporate Guarantee - 2,000+ Units
Overview
Land AC: 0.93
Year Built: 2010
Initial Lease Term: 20 Years
Lease Term Remaining: 13+ Years
Lease Type: Absolute Triple-Net (NNN)
Rent Commencement: 10/1/2017
Expiration Date: 12/31/2037
Roof & Structure: Tenant
Options: 4 x 5-Year
Lease Guarantor: Mavis Topco
Investment Highlights
- 13+ years remaining on absolute triple-net (NNN) lease with zero landlord responsibilities and 4x5-year options to renew.
- Mavis Topco is comprised of over 2,000+ units and is led by brands like Brakes Plus, Express Oil Change, and Mavis Discount Tire. Since their founding in 1929, Mavis has primarily grown through acquisition of existing tire brands. In May of 2023, Mavis Topco acquired 595 units from TBC Corp.
- Outparcel to Rimrock Marketplace, a 500K SF Walmart Supercenter, Lowes, Sprouts, and Hobby Lobby anchored shopping center ranked within the 95th percentile for shopping centers nationwide and in Colorado. It is the 2nd most visited shopping center within a 50-mile radius (behind Mesa Mall) and had 5M visits YTD. Outparcel tenants include Chick-fil-A, American Furniture Warehouse, Sonic, and Dollar Tree.
- Direct visibility from I-70 Business Loop (33,440+ VPD), 1.8 miles from Mesa Mall, (825K SF, 98th percentile shopping center in US, 97th percentile in CO), and 1.1 miles from Grand Mesa Center (220K SF, 84th percentile shopping center in US, 86th percentile in CO).
- Grand Junction is the largest business and retail hub between Denver and Salt Lake City. The city has a population of roughly 68,034 and is expected to see a population growth of 13.6% by 2030 and 51.7% by 2050.
Photo Gallery
519 Ligrani LnGrand Junction, CO 81505
Mesa Mall (1.8 Miles from Subject Property)
Colorado Mesa University (2.5 Miles from Subject Property)
Grand Junction Regional Airport (5.2 Miles from Subject Property)
Sales Team
Listing provided by Revere CRE