MAVIS DISCOUNT TIRE | $1,920,000 | 6.00% CAP
» Early Lease Extension: Tenant has Committed to 2041 (17 Years) at this Location with Fantastic Rental Annual Increases of 2% Starting in 2027 then Converting to 10% Every 5 Years in 2032. More Lease Information on Page 9.
» Long-Term Tenancy: This Location was 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 Corporation.
» Corporate Guaranty: Mavis Tire is the Second Largest Independent Multi-Brand Tire Dealers in the United States with Over 2,300+ Retail Stores in 29 States.
» Excellent Access: Frontage on Ring Road which Connects River Oaks Drive (27,800+ VPD) & Torrence Avenue (25,200+ VPD) Surrounding River Oaks West Shopping Center.
» Dominant Retail Corridor: Mavis Discount Tire is across Ring Road from Sam’s Club and One Block from River Oaks Center which Host 62 Stores, 1.29 Million Square Feet, and Anchor Tenants JCPenny & Macy’s.
» Substantial Demographics: In a 5 Mile Radius the Population Exceeds 245,450+, Daytime Population 227,800+ and an Average Household Income of $68,000.