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338 King St
Northampton, MA 01060
Town Fair Tire | Mavis Subsidiary · Retail Property For Sale
EXECUTIVE SUMMARY
MANUALLY TYPE IN THIS ADDRESS INTO BROWSER’S URL TO SEE ALL AVAILABLE LOCATIONS: www.mmtft.com
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 6.10%
See pages 18-20 to review over 50 sale comps of tire retailers that have all sold at average cap
rates between 5.34% and 6.10% including three Town Fair Tires that just sold in December.
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 IN BETWEEN RT. 8 & I-84
Located on Lakewood Road in Waterbury, CT, this Town Fair Tire is situated between the
area’s two dominant shopping centers, Waterbury Plaza anchored by Target and Stop &
Shop & Naugatuck Valley Shopping Center anchored by Walmart. Lakewood Road has a
daily traffic volume of approximately 18,800 vehicles, ensuring excellent access to the areas
94,000 customers within a 3 mile radius
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.
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 6.10%
See pages 18-20 to review over 50 sale comps of tire retailers that have all sold at average cap
rates between 5.34% and 6.10% including three Town Fair Tires that just sold in December.
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 IN BETWEEN RT. 8 & I-84
Located on Lakewood Road in Waterbury, CT, this Town Fair Tire is situated between the
area’s two dominant shopping centers, Waterbury Plaza anchored by Target and Stop &
Shop & Naugatuck Valley Shopping Center anchored by Walmart. Lakewood Road has a
daily traffic volume of approximately 18,800 vehicles, ensuring excellent access to the areas
94,000 customers within a 3 mile radius
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
8,348 SF
Building Class
B
Year Built
1972
Price
$6,375,000
Price Per SF
$763.66
Cap Rate
6%
NOI
$382,490
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.14 AC
Zoning
HB
Parking
26 Spaces (3.11 Spaces per 1,000 SF Leased)
Frontage
128’ on King St
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | NHAM-000024B-000037-000001 | Improvements Assessment | $696,500 |
| Land Assessment | $530,200 | Total Assessment | $1,226,700 |
PROPERTY TAXES
Parcel Number
NHAM-000024B-000037-000001
Land Assessment
$530,200
Improvements Assessment
$696,500
Total Assessment
$1,226,700
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