Press Releases
Marcus & Millichap Brokers $2.9M Sale of Triple-Net-Leased Town Fair Tire in Greenfield, Massachusetts
October 27, 2026
GREENFIELD, Mass., Oct. 27, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Town Fair Tire, a 14,261-square-foot, triple-net-leased automotive service property located at 10 Silver St. in Greenfield, Massachusetts. The property sold for $2.9 million, or $203.35 per square-foot.
“This transaction provided the buyer with an opportunity to acquire a property backed by a strong corporate tenant with more than 18 years remaining on an absolute triple-net lease,” said Jason Fefer, senior director investments. “We've seen increased investor interest in net-leased automotive properties due to the attractive yields they can offer relative to other net-leased assets. This transaction reflects that demand, combining a long-term lease, corporate guarantee and established operating location.”
Fefer, Rob Narchi and Tyler Bindi, investment specialists in Marcus & Millichap’s Los Angeles office, in association with Thomas Shihadeh, Marcus & Millichap’s Massachusetts broker of record, had the exclusive listing to market the property on behalf of the seller, a private investor restructuring their portfolio. Gio Figueiredo, Chris Biuso and Spencer Koch, investment specialists in the firm's Orlando office, represented the buyer, a private investor and business operator in the automotive industry.
Built in 1953, the 14,261-square-foot property is situated on 1.10 acres along the Federal Street and Silver Street commercial corridor. The property is leased to Town Fair Tire under an absolute triple-net lease with approximately 18 years remaining and a corporate guarantee from Mavis Tire Express Services TopCo Corp. The lease includes five percent rent increases every five years and six five-year renewal options. Located near Interstate 91, the property provides access to Greenfield and the surrounding Franklin County region.
“This transaction provided the buyer with an opportunity to acquire a property backed by a strong corporate tenant with more than 18 years remaining on an absolute triple-net lease,” said Jason Fefer, senior director investments. “We've seen increased investor interest in net-leased automotive properties due to the attractive yields they can offer relative to other net-leased assets. This transaction reflects that demand, combining a long-term lease, corporate guarantee and established operating location.”
Fefer, Rob Narchi and Tyler Bindi, investment specialists in Marcus & Millichap’s Los Angeles office, in association with Thomas Shihadeh, Marcus & Millichap’s Massachusetts broker of record, had the exclusive listing to market the property on behalf of the seller, a private investor restructuring their portfolio. Gio Figueiredo, Chris Biuso and Spencer Koch, investment specialists in the firm's Orlando office, represented the buyer, a private investor and business operator in the automotive industry.
Built in 1953, the 14,261-square-foot property is situated on 1.10 acres along the Federal Street and Silver Street commercial corridor. The property is leased to Town Fair Tire under an absolute triple-net lease with approximately 18 years remaining and a corporate guarantee from Mavis Tire Express Services TopCo Corp. The lease includes five percent rent increases every five years and six five-year renewal options. Located near Interstate 91, the property provides access to Greenfield and the surrounding Franklin County region.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
