![Mavis Discount Tires](img/tenants/mavis-discount-tires.jpg)
Lowest Cap Rate
5.00%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.12%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.60%
Average Cap Rate over previous quarter
Overview
Mavis Discount Tire was founded as Mavis Tire Supply corporation in 1972, and is headquartered in Millwood, NY. It operates as an independent multi-brand tire dealer, one of the largest independent tire and service providers in the U.S. Mavis has over 1,150 Locations locations nationwide, in 21 states. Mavis' triple net leases have a typical term of 15-20 years, with escalations of 5-10% every five years.
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
5.72
5.63
5.90
N/A
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
Fort Mill, SC6.29%
Waynesboro, GA6.75%
Statesboro, GA6.75%
Top Consumer Traffic
Riverview, FL95,000
Tuscaloosa, AL89,500
Hicksville, NY86,300
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data