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Auto Service - Gas-Conv

Mavis Discount Tire

1300 South Main Street, West Bend, WI 53095

Listing Price: $1,772,000

Cap Rate
6.50%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
5.7
Guarantor
Corporate Guarantee
Rentable SF
5,675
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.30

Investment Overview

Marcus & Millichap is pleased to present for sale Mavis Discount Tire a single-tenant property located at 1300 South Main Street, West Bend, Wisconsin 53095. The subject property is comprised of 5,675 square feet and was built in 1999. The building sits on a large 30,927 Square Foot lot located just off South Main Street that oversees 23,500+ Vehicles Per Day. Mavis Discount Tire is currently being converted from NTB (National Tire & Battery) with new signage and paint.  Mavis Discount Tire will operate on a Corporate Absolute-Net lease with 5 years remaining. The initial term will have 7.5% increases every 5 years including the Four, 5-year options. Mavis Discount Tire is one of the second largest independent multi-brand tire dealers in the United States and offers a menu of additional services including brakes, alignments, suspension, shocks, struts, oil changes, battery replacement, and exhaust work. Mavis Discount Tire still operates that original 7,000 square foot store in Mt. Vernon. What’s more, the tradition of Value-Oriented Service originating with Vic’s Cycle Shop will always be the backbone of the company.

Investment Highlights

  • Triple-Net Lease: 6 Years Remaining / 7.5% Increases Every 5 Years with Four, 5 Year Options to Extend the Term
  • Excellent Access / Visibility: Frontage on South Main Street the Major Thoroughfare in West Bend with over 23,500+ vehicles per day
  • Long-Term Tenancy: Operated by National Tire & Battery for 20 Years. Now Known as Mavis Discount Tire after being Acquired in 2020 by Mavis Tire Express Services Intermediate Corp.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    License(s): WI: 56163-90

    Wisconsin

Auto Service - Gas-Conv

Mavis Discount Tire

Listing Price: $1,772,000

Cap Rate
6.50%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
5.7
Guarantor
Corporate Guarantee
Rentable SF
5,675
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.30

Investment Highlights

  • Triple-Net Lease: 6 Years Remaining / 7.5% Increases Every 5 Years with Four, 5 Year Options to Extend the Term
  • Excellent Access / Visibility: Frontage on South Main Street the Major Thoroughfare in West Bend with over 23,500+ vehicles per day
  • Long-Term Tenancy: Operated by National Tire & Battery for 20 Years. Now Known as Mavis Discount Tire after being Acquired in 2020 by Mavis Tire Express Services Intermediate Corp.

Investment Overview

Marcus & Millichap is pleased to present for sale Mavis Discount Tire a single-tenant property located at 1300 South Main Street, West Bend, Wisconsin 53095. The subject property is comprised of 5,675 square feet and was built in 1999. The building sits on a large 30,927 Square Foot lot located just off South Main Street that oversees 23,500+ Vehicles Per Day. Mavis Discount Tire is currently being converted from NTB (National Tire & Battery) with new signage and paint.  Mavis Discount Tire will operate on a Corporate Absolute-Net lease with 5 years remaining. The initial term will have 7.5% increases every 5 years including the Four, 5-year options. Mavis Discount Tire is one of the second largest independent multi-brand tire dealers in the United States and offers a menu of additional services including brakes, alignments, suspension, shocks, struts, oil changes, battery replacement, and exhaust work. Mavis Discount Tire still operates that original 7,000 square foot store in Mt. Vernon. What’s more, the tradition of Value-Oriented Service originating with Vic’s Cycle Shop will always be the backbone of the company.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    License(s): WI: 56163-90

    Wisconsin

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