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Auto Service - Gas-Conv

Mavis Discount Tire

1360 Ring Road, Calumet City, IL 60409

Listing Price: $1,602,207

Cap Rate
6.75%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
5.4
Guarantor
Corporate Guarantee
Rentable SF
8,907
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.14

Investment Overview

Marcus & Millichap is pleased to present for sale Mavis Discount Tire a single-tenant property located at 1360 Ring Road, Calumet City, Illinois 60409. The subject property is comprised of 8,907 square feet and was built in 1985. The building sits on a large 1.51 Acre lot located just off Ring Road. 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 annual CPI increases capped at 2% including the One, 5-year option. 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 / Annual CPI Increases not to Exceed Two Percent (2.00%). Mavis has One, 5 Year Option to Extend at the End of the Term.
  • Excellent Access: Frontage on Ring Road which connects River Oaks Drive (26,000+ VPD) & Torrence Ave (27,600+ VPD) Surrounding River Oaks West Shopping Center
  • Long-Term Tenancy: Operated by National Tire & Battery for 35 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

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Auto Service - Gas-Conv

Mavis Discount Tire

Listing Price: $1,602,207

Cap Rate
6.75%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
5.4
Guarantor
Corporate Guarantee
Rentable SF
8,907
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.14

Investment Highlights

  • Triple-Net Lease: 6 Years Remaining / Annual CPI Increases not to Exceed Two Percent (2.00%). Mavis has One, 5 Year Option to Extend at the End of the Term.
  • Excellent Access: Frontage on Ring Road which connects River Oaks Drive (26,000+ VPD) & Torrence Ave (27,600+ VPD) Surrounding River Oaks West Shopping Center
  • Long-Term Tenancy: Operated by National Tire & Battery for 35 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 1360 Ring Road, Calumet City, Illinois 60409. The subject property is comprised of 8,907 square feet and was built in 1985. The building sits on a large 1.51 Acre lot located just off Ring Road. 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 annual CPI increases capped at 2% including the One, 5-year option. 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

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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