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Town Fair Tire - (A Mavis Brand) 255 Route 44 7,005 SF Retail Building Raynham, MA 02767 $3,721,000 ($531.19/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 16-YR ABSOLUTE NNN LEASE
- CORP GUARANTY
- STRONG CHAIN PERFORMER
EXECUTIVE SUMMARY
STRONG PERFORMING STORE IN THE CHAIN
Ranked #55 out of 119 locations by Placer.ai based on Visits PSF ranking
BEST OF THE BEST LOCATIONS - STRICTLY RETAIL
The Town Fair Tire sites being offered were all in the founder’s personal portfolio and are positioned in the chain’s best retail locations. Town Fair Tire strictly sells tires and
wheels and are located next to national retailers unlike other tire chains that also offer oil changes and tune-ups and have greater exposure to environmental issues.
OVER 50 RECENT SALE COMPS BETWEEN 5.34% TO 6.03%
See pages 17-19 to review over 50 sale comps of tire retailers like Mavis, Goodyear and Firestone that have all sold at average cap rates between 5.34% and 6.03% since 1/1/23.
DURABLE INDUSTRY POSITIONED FOR STRONG GROWTH
Since electrical cars weigh more than their gas-powered counterparts, they also wear out tires more quickly which will only increase the demand for tires as the country
transitions to electric cars.
ZERO LANDLORD RESPONSIBILITIES
Tenant has sole responsibility for all operating, capital expenses, roof & structure which removes any Landlord liability and makes this property truly an absolute
net-lease investment.
LONG TERM ABSOLUTE NNN LEASE W/ BUMPS
16 years remaining on the base term with 10% bumps every 5 years.
STRATEGICALLY LOCATED OFF RT-24
Located on Greater Boston’s Rt 44/New State Highway in Raynham, MA, this Town Fair Tire is conveniently near Exit 20 of Route 24. It’s close to Cape Roads Plaza, anchored by ALDI, Dollar Tree and AAA, and across the street from Shaw’s Plaza with Marshall’s, PetSmart and Bernie & Phyl’s. New State Highway transports around 27,000 vehicles daily, providing excellent exposure on Route 44.
OVER 2,000 LOCATIONS/PARENT GUARANTY SECURES THE LEASE
Town Fair Tire merged with Mavis Inc. in 2019 creating a company with over 2,000 locations. Both Mavis and Town Fair Tire entities are listed as the Tenant, and both are
backstopped with a Mavis Tire Express Services TopCo Corp. parent guaranty.
Ranked #55 out of 119 locations by Placer.ai based on Visits PSF ranking
BEST OF THE BEST LOCATIONS - STRICTLY RETAIL
The Town Fair Tire sites being offered were all in the founder’s personal portfolio and are positioned in the chain’s best retail locations. Town Fair Tire strictly sells tires and
wheels and are located next to national retailers unlike other tire chains that also offer oil changes and tune-ups and have greater exposure to environmental issues.
OVER 50 RECENT SALE COMPS BETWEEN 5.34% TO 6.03%
See pages 17-19 to review over 50 sale comps of tire retailers like Mavis, Goodyear and Firestone that have all sold at average cap rates between 5.34% and 6.03% since 1/1/23.
DURABLE INDUSTRY POSITIONED FOR STRONG GROWTH
Since electrical cars weigh more than their gas-powered counterparts, they also wear out tires more quickly which will only increase the demand for tires as the country
transitions to electric cars.
ZERO LANDLORD RESPONSIBILITIES
Tenant has sole responsibility for all operating, capital expenses, roof & structure which removes any Landlord liability and makes this property truly an absolute
net-lease investment.
LONG TERM ABSOLUTE NNN LEASE W/ BUMPS
16 years remaining on the base term with 10% bumps every 5 years.
STRATEGICALLY LOCATED OFF RT-24
Located on Greater Boston’s Rt 44/New State Highway in Raynham, MA, this Town Fair Tire is conveniently near Exit 20 of Route 24. It’s close to Cape Roads Plaza, anchored by ALDI, Dollar Tree and AAA, and across the street from Shaw’s Plaza with Marshall’s, PetSmart and Bernie & Phyl’s. New State Highway transports around 27,000 vehicles daily, providing excellent exposure on Route 44.
OVER 2,000 LOCATIONS/PARENT GUARANTY SECURES THE LEASE
Town Fair Tire merged with Mavis Inc. in 2019 creating a company with over 2,000 locations. Both Mavis and Town Fair Tire entities are listed as the Tenant, and both are
backstopped with a Mavis Tire Express Services TopCo Corp. parent guaranty.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,005 SF
Building Class
B
Year Built
2001
Price
$3,721,000
Price Per SF
$531.19
Cap Rate
6%
NOI
$223,243
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.74 AC
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Town Fair Tire
- -
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Town Fair Tire | - | 99,999 SF | - | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | RAYN-000014-000225 | Improvements Assessment | $1,121,400 |
| Land Assessment | $417,900 | Total Assessment | $1,539,300 |
PROPERTY TAXES
Parcel Number
RAYN-000014-000225
Land Assessment
$417,900
Improvements Assessment
$1,121,400
Total Assessment
$1,539,300
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Town Fair Tire - (A Mavis Brand) | 255 Route 44
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