Lowest Cap Rate
4.00%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.01%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
5.66%
Average Cap Rate over previous quarter
Average Quarter Cap Rates calculated over prior full quarter, irrespective of term length
Overview
Mavis Discount Tire is one of the largest independent tire and automotive service dealers in the United States, founded in 1972 and headquartered in Millwood, New York, with a growing footprint of locations nationwide. The chain is expanding through acquisitions, adding brands and franchise locations to strengthen its scale and geographic diversity. Mavis is viewed as a resilient, service-based tenant in a category considered recession-resistant, since customers need auto maintenance and repairs in person, typically backed by long-term triple-net leases with built-in rent escalations.
Property & Lease
Sales Price Range$2,000,000 - $3,500,000
NOI Range$135,000 - $175,000
Building SF6,000 - 7,000
Lease Term15 - 20 Years
Escalations10% Every 10 Years
Stock SymbolCAPITALCOM:US500
Credit Rating
S&PN/A
Moody'sN/A
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
6.16
6.05
6.91
5.56
N/A
N/A
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
Recent Sales Comps
High Point, NC5.88%
Locust, NC5.85%
Baton Rouge, LA8.40%
Top Consumer Traffic
Johnson City, NY81,500
Morristown, NJ78,800
Riverview, FL77,700
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
