Mavis Discount Tire

Lowest
Cap Rate

5.15%

Lowest cap rate over past 24 months

Average
Cap Rate

6.35%

12 mo avg with 5+ yr lease term

Overview

Mavis Discount Tire properties are structured as absolute NNN leases, often featuring newly renovated or purpose-built stores in high-traffic retail corridors or near major highways. These assets are favored by investors seeking zero landlord responsibility and reliable rent growth. Most leases are corporate-guaranteed by Mavis Tire Express Services Corp., a rapidly expanding private company backed by private equity.

Average Property & Lease

Average Sale Price	$2,100,000 - $4,100,000
Average NOI	$140,000 - $260,000
Building SF	6,000
Lease Term	15 Years
Escalations	10% Every 5 Years
Stock Symbol	N/A

CREDIT RATING

S&P	N/A
Moody's	N/A

TENANT DESCRIPTION

Founded in 1972, Mavis Discount Tire has grown into one of the largest independent tire retailers and service providers in the United States by combining rapid acquisitions with steady organic expansion. Today, the company operates more than 1,500 locations nationwide, unified under a family of brands that includes Mavis Discount Tire, STS Tire, NTB (National Tire & Battery), Tire Kingdom, Tire Engineers, and Jack Williams Tire. Supported by leading private-equity firms BayPine and TSG Consumer Partners, Mavis is renowned for its aggressive growth strategy and for consistently rebranding acquired stores under the flagship Mavis banner.

PROS

Corporate Guarantee: Backed by Mavis Tire Express Services Corp.
Absolute NNN Leases: Passive ownership with no landlord duties
Large Real Estate Footprint: Strong corner lots in growth corridors
High Service Demand: Tires and maintenance services are essential and recurring
Private Equity-Backed Growth: Actively acquiring competitors and expanding market share

CONS

Specialty Use Layout: Auto bay format may limit reuse if tenant vacates
Private Company: Limited public financials — investor due diligence is key
Cap Rate Compression: In core markets, newer leases trade at tight cap rates

COMPANY QUICK STATS

Founded	1972
Headquarters	Millwood New York
Number of Locations	2,300
Revenue	$2.4 B
Company Website	https://www.mavis.com/
Key Principal	David & Stephen Sorbaro