Auto Service - Gas-Conv
Mavis Discount Tire
1360 Ring Rd, Calumet City, IL 60409
Listing Price: $1,920,000
Cap Rate
6.00%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
17.0
Guarantor
Corporate Guarantee
Rentable SF
8,907
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.93
Investment Overview
1360 Ring Road
Mavis Discount Tire
Investment Highlights
- Early Lease Extension: Tenant has Committed to 2041 (17 Years) at this Location with Fantastic Rental Annual Increases of 2% starting in 2027 then Converting to 10% Every 5 Years in 2032.
- Long-Term Tenancy: This Location was Operated by National Tire & Battery for 35 Years.
- Corporate Guaranty: Mavis Tire is the Second Largest Independent Multi-Brand Tire Dealers in the United States with over 2,300 retail Stores in 29 States.
- Excellent Access: Frontage on Ring Road which Connects River Oaks Drive (27,800+ VPD) & Torrence Avenue (25,200+ VPD) Surrounding River Oaks West Shopping Center.
- Dominant Retail Corridor: Mavis Discount Tire is across Ring Road from Sam's Club and One Block from River Oaks Center which Host 62 Stores, 1.29 Million Square Feet, and Anchor Tenants JCPenny & Macy's.
- Substantial Demographics: In a 5 Mile Radius the Population Exceeds 245,450+, Daytime Population 227,800+ and an Average Household Income of $68,000.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Listing Price: $1,920,000
Cap Rate
6.00%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
17.0
Guarantor
Corporate Guarantee
Rentable SF
8,907
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.93
Investment Highlights
- Early Lease Extension: Tenant has Committed to 2041 (17 Years) at this Location with Fantastic Rental Annual Increases of 2% starting in 2027 then Converting to 10% Every 5 Years in 2032.
- Long-Term Tenancy: This Location was Operated by National Tire & Battery for 35 Years.
- Corporate Guaranty: Mavis Tire is the Second Largest Independent Multi-Brand Tire Dealers in the United States with over 2,300 retail Stores in 29 States.
- Excellent Access: Frontage on Ring Road which Connects River Oaks Drive (27,800+ VPD) & Torrence Avenue (25,200+ VPD) Surrounding River Oaks West Shopping Center.
- Dominant Retail Corridor: Mavis Discount Tire is across Ring Road from Sam's Club and One Block from River Oaks Center which Host 62 Stores, 1.29 Million Square Feet, and Anchor Tenants JCPenny & Macy's.
- Substantial Demographics: In a 5 Mile Radius the Population Exceeds 245,450+, Daytime Population 227,800+ and an Average Household Income of $68,000.
Investment Overview
1360 Ring Road
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
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