Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute-net NTB asset, located at the lighted intersection of Brainerd Rd and Jenkins Rd in Chattanooga, TN. This investment benefits from a 15-year corporate absolute-net lease, with 8 years left on the initial term and four (4) five-year options. There are regular increases in both the base term and extensions. The subject is situated in immediate proximity to I-75 and the Chattanooga Metropolitan Airport and is directly contiguous to over 1,000 newly built apartment units. Other area retailers include but are not limited to; Walmart Neighborhood Market, Food City, Bruster's Ice Cream, Waffle House, Marco's Pizza, Taco Bell, Dunkin, Advance Auto, Zaxby's and others. Mavis Discount Tire (dba NTB) is one of the largest independent automotive platforms in the United States. The company was founded as Mavis Tire Supply Corporation in 1972. It recently merged with Express Oil Change & Tire Engineers, Brakes Plus, and acquired Tire Kingdom, NTB, STS Tire, Melvin’s Tire, Jack Williams Tire, Tuffy Tire, Town Fair Tire, and Action Gator. Mavis now leads a combined company of more than 2,300 locations in 39 states across the East Coast, the South and the Midwest. Mavis is a publicly held company headquartered in Millwood, New York with over 10,000 employees.