MAVIS DISCOUNT TIRE| $1,803,000 | 6.00% CAP
The Deltondo Group and Marcus & Millichap are 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.