Auto Service - Gas-Conv
Mavis Discount Tire- RI
2760 Hartford Ave, Johnston, RI 02919
Listing Price: $2,317,000
Investment Overview
Two Single-Tenant Net Lease Tire Shop Portfolio
- Located in the Providence Rhode Island MSA
Upcoming 10% Rent Increase in August 2027
- Increases Return to 7.98%
Tenant Recently Signed 10-Year Leases
- Mavis is the Largest Tire Dealer in the U.S.
Minimal Landlord Responsibilities
- Double Net Plus Lease (Roof & Structure on Landlord)
Mavis Acquired the Former Operator in July 2022
- Formerly Melvin’s Tire Pros & Auto Service Centers
Historical Occupancy | Market Dominance
- Melvin’s has been in business for 40+ Years
Surrounded by National Tenants
- Tractor Supply, Walmart, Best Buy, Target & More
Quick Access to Major Interstates
- I-195 (79,700 AADT) | I-295 (58,441 AADT)
Steady Population Growth
- 130,000 People Within a Five Mile Radius
New Roof at Johnston Location in 2016
- Includes 15-Year Transferrable Warranty
Mavis Discount Tire- RI
Investment Highlights
- Two Single-Tenant Net Lease Tire Shop Portfolio - Located in the Providence Rhode Island MSA
- Upcoming 10% Rent Increase in August 2027 - Increases Return to 7.98%
- Tenant Recently Signed 10-Year Leases - Mavis is the Largest Tire Dealer in the U.S.
- Minimal Landlord Responsibilities - Double Net Plus Lease (Roof & Structure on Landlord)
- Mavis Acquired the Former Operator in July 2022 - Formerly Melvin's Tire Pros & Auto Service Centers
- Historical Occupancy | Market Dominance - Melvin's has been in business for 40+ Years
- Surrounded by National Tenants - Tractor Supply, Walmart, Best Buy, Target & More
- Quick Access to Major Interstates - I-195 (79,700 AADT) | I-295 (58,441 AADT)
Listing Price: $2,317,000
Investment Highlights
- Two Single-Tenant Net Lease Tire Shop Portfolio - Located in the Providence Rhode Island MSA
- Upcoming 10% Rent Increase in August 2027 - Increases Return to 7.98%
- Tenant Recently Signed 10-Year Leases - Mavis is the Largest Tire Dealer in the U.S.
- Minimal Landlord Responsibilities - Double Net Plus Lease (Roof & Structure on Landlord)
- Mavis Acquired the Former Operator in July 2022 - Formerly Melvin's Tire Pros & Auto Service Centers
- Historical Occupancy | Market Dominance - Melvin's has been in business for 40+ Years
- Surrounded by National Tenants - Tractor Supply, Walmart, Best Buy, Target & More
- Quick Access to Major Interstates - I-195 (79,700 AADT) | I-295 (58,441 AADT)
Investment Overview
Two Single-Tenant Net Lease Tire Shop Portfolio - Located in the Providence Rhode Island MSA Upcoming 10% Rent Increase in August 2027 - Increases Return to 7.98% Tenant Recently Signed 10-Year Leases - Mavis is the Largest Tire Dealer in the U.S. Minimal Landlord Responsibilities - Double Net Plus Lease (Roof & Structure on Landlord) Mavis Acquired the Former Operator in July 2022 - Formerly Melvin’s Tire Pros & Auto Service Centers Historical Occupancy | Market Dominance - Melvin’s has been in business for 40+ Years Surrounded by National Tenants - Tractor Supply, Walmart, Best Buy, Target & More Quick Access to Major Interstates - I-195 (79,700 AADT) | I-295 (58,441 AADT) Steady Population Growth - 130,000 People Within a Five Mile Radius New Roof at Johnston Location in 2016 - Includes 15-Year Transferrable Warranty
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