Mavis NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence
Last Year Cap
5.6%
This Year Cap
6.3%
Cap Change
0.7%
Last Year Rating
B-
This Year Rating
B-
Rating Change
No change
Mavis – NNN Cap Rate Trend
Cap Rate Trends
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | Tenant | Year | Cap Rate |
|---|---|---|---|---|---|---|---|
| 5779 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,020 | 6.5 |
| 5780 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,021 | 6.3 |
| 5781 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,022 | 6.0 |
| 5782 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,023 | 6.3 |
| 5783 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,024 | 6.6 |
| 5784 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,025 | 6.6 |
| Tenant | Year | Cap Rate |
Credit (what net-lease buyers care about)
Credit Snapshot
Mavis
Mavis Net Lease: Secure, Essential Investment
Mavis Tire is a widely recognized non-investment-grade net lease tenant in the automotive service sector. This guide reviews cap rates, lease terms, tenant credit, and key due diligence considerations for buyers and sellers.
For 1031 exchange buyers, Mavis fee simple properties are important to compare with other automotive service tenants (such as NTB or Tire Kingdom), as lease structure, tenant credit, and location quality can materially impact pricing, financing, and long-term resale value.
Investors often target Mavis assets for:
- Stable Service-Based Income Potential
- Recession-Resistant Automotive Repair Demand
- Value-Add Pricing vs Investment-Grade Tenants
- Attractive 1031 Exchange Yield Opportunities
Mavis properties require close evaluation of lease term, rent escalations, store-level performance, and real estate fundamentals, as tenant credit is weaker than investment-grade retailers and plays a larger role in valuation.
Mavis Properties for 1031 Exchange Buyers
Mavis assets typically trade at higher cap rates than investment-grade net lease properties, reflecting their B-/B3 credit profile and private equity ownership structure. Buyers should carefully evaluate remaining lease term, renewal options, rent growth, unit-level profitability, and location strength to fully understand long-term risk and return.
Mavis – Credit Trend (S&P vs Moody’s)
Tenant_Rating_Trend
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | TenantKey | Tenant | Year | Moody | SP | Moody_Grade | SP_Grade | Moody_GradeRank | SP_GradeRank |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2022 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 2 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2023 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 3 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2024 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 4 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2025 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 5 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 99centsonlystoresllc | 99 Cents Only Stores, LLC | 2022 | Caa2 | CCC+ | Substantial Risk | Substantial Risk | 2 | 2 |
| TenantKey | Tenant | Year | Moody | SP | Moody_Grade | SP_Grade | Moody_GradeRank | SP_GradeRank |
Mavis Investment Market Statistics
AVERAGE SALE PRICE
BUILDING SIZE
AVERAGE NOI
LAND
$/SF RANGE
LEASE TERM SHOWN
Mavis Investor Snapshot (Quick Facts)
Origins & Growth (Past)
- Began as a single tire shop in New York
- Expanded through acquisitions of regional tire and auto service chains
- Grew rapidly by consolidating independent tire retailers
- Established a strong presence across the Northeast and Southeast U.S.
- Entered national scale through major private equity backing
- Acquired well-known brands like NTB and Tire Kingdom
- Built one of the largest independent tire and service networks in the U.S.
Where Mavis Stands Today
- Large U.S. tire service footprint
- Leading automotive service retail operator
- Strong demand for essential services
- Operates NTB and Tire Kingdom brands
- Recurring revenue from maintenance services
- Private equity backed growth strategy
- Focus on efficiency and margins
Where Mavis Stands Today
- Expanded service offerings
- Growing store network
- Digital scheduling growth
- Fleet service expansion
- Optimized store formats
- EV service readiness
- Automotive demand tailwinds
Why investors buy Mavis NNN Properties or Mavis ground Lease Properties?
Pros (what buyers like)
- Service-based, essential retail
Automotive maintenance drives repeat, needs-based customer demand - Recession-resistant business model
Tire replacement and repairs remain necessary across cycles - Higher cap rate opportunity
Typically offers better yield vs investment-grade tenants - Large and growing platform
One of the largest independent tire service operators in the U.S. - Strong real estate fundamentals
Locations often on high-traffic corridors and dense population areas
Cons (what can bite you)
- Non-investment-grade tenant credit
B-/B3 rating increases risk vs investment-grade tenants - Lease structure variability
Some deals are NN or modified NNN with landlord responsibilities - Private equity ownership risk
Leverage and acquisition strategy can impact long-term stability - Limited rent escalations
Some leases have flat or minimal rent growth - Re-tenanting risk
Auto service layouts can be difficult to repurpose if vacated
Investor Decision Framework (Buy / Hold / Sell)
✓ Strong “Buy Box” for a Mavis Net Lease
• 10–15+ years lease term remaining (or 8–10+ with options) • True NNN or favorable NNN structure (limited landlord responsibilities) • High-traffic corridor with strong visibility and access • Established store with consistent service demand and sales history • Rent is reasonable vs market (supports backfill and resale)
02
⚠ Yellow Flags (Price Accordingly)
• NN lease with roof, structure, or HVAC responsibility • Flat rent with minimal or no escalations • Older store or outdated service facility • Weak location (low traffic or poor access) • High rent vs market (re-tenanting risk)
Find out more
Mavis Background & History
Mavis Tire is a national automotive service company best known for its network of tire and maintenance service centers across the United States. What began as a small regional tire retailer evolved into one of the largest independent tire and auto service platforms, focused on essential vehicle maintenance such as tire replacement, brake service, and routine repairs.
Over time, the company expanded through acquisitions and organic growth, building a broad footprint across multiple regions. Today, customers rely on Mavis locations for critical, needs-based automotive services that support daily transportation and vehicle safety.
As consumer dependence on personal vehicles remains high, the business has benefited from steady demand for maintenance and repair services. The platform continues to scale through operational efficiencies, standardized service models, and integration of acquired brands.
Why Mavis Matters to NNN Investors
Today, Mavis operates one of the largest independent tire and service networks in the United States, serving a consistent flow of repeat customers. The business model is centered on recurring maintenance demand, as tire replacement and vehicle repairs are non-discretionary expenses for most consumers.
Unlike traditional retail, Mavis locations are service-oriented, meaning revenue is driven by necessity rather than discretionary spending. This helps support unit-level stability even during economic slowdowns.
The company has expanded through acquisitions of regional operators and continues to optimize store performance through scale and operational efficiencies. However, as a non-investment-grade tenant, investor focus tends to be more heavily weighted toward location quality, lease structure, and real estate fundamentals.
What Buyers and Sellers Should Evaluate
For investors evaluating Mavis NNN properties, the investment thesis is typically centered on service-driven demand supported by strong real estate fundamentals. As a result, buyers often place greater emphasis on lease terms, rent levels, store performance, and site quality rather than brand strength alone.
Common searches include Mavis real estate, Mavis cap rate, Mavis lease term, Mavis tenant credit, and automotive service property performance. Ultimately, Mavis net lease value is driven by site-specific factors, lease economics, and re-tenanting potential.
Because these are specialized automotive properties, investors should carefully evaluate building configuration, bay count, parking, and adaptability for alternative users if the tenant vacates. Locations with strong traffic counts, good visibility, and easy access tend to perform best over time.
In addition, investors should consider lease structure (NNN vs modified NNN), remaining term, rent escalations, and maintenance responsibilities, as well as the tenant’s credit profile and broader industry trends. A disciplined review of both real estate fundamentals and lease language is essential to understanding long-term risk, cash flow durability, and exit potential.
our team of experts are here for you
Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.
Whether you are comparing Mavis ground lease properties or fee simple Mavis assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.