Monro Auto Service NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence

Last Year Cap

7.0%

This Year Cap

7.2%

Cap Change

0.2%

Last Year Rating

BB

This Year Rating

BB

Rating Change

No change

Monro Auto Service – 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

Monro Auto Service

Cap Rates NNN
Last Year 7.0%
This Year 7.2%
Change 0.2%
S&P Rating CREDIT
Last Year BB
This Year BB
Change No change

Monro Auto Service Net Lease: Secure, Essential Investment

Monro Auto Service is a nationally recognized automotive maintenance and tire service provider operating across the United States. This guide reviews cap rates, lease terms, tenant credit considerations, and key due diligence factors for buyers and sellers evaluating Monro Auto Service net lease investments.

Investors often target Monro Auto Service assets for:

  • Recurring Automotive Service Demand
  • Essential Vehicle Maintenance Business
  • Established National Brand Presence
  • Attractive 1031 Exchange Compatibility

Monro Auto Service properties require close evaluation of rent escalations, remaining lease term, renewal options, tenant credit strength, and underlying real estate quality.

Monro Auto Service Properties for 1031 Exchange Buyers

Monro Auto Service properties often trade differently than many traditional retail net lease assets due to their service-oriented business model and automotive facility requirements. Buyers should carefully evaluate lease structure, remaining term, renewal options, landlord responsibilities, and long-term re-tenanting potential to understand risk and return.

Monro Auto Service – 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

Monro Auto Service Stock Price (NASDAQ: MNRO)

Monro Auto Service Investment Market Statistics

AVERAGE SALE PRICE

$6,000,000

BUILDING SIZE

3,000 – 5,000 SF

AVERAGE NOI

$275,000

LAND

0.75 – 1.5 acres

$/SF RANGE

$478 – $796

LEASE TERM SHOWN

20 years

Monro Auto Service Investor Snapshot (Quick Facts)

Origins & Growth (Past)

 • Founded in 1957 as a tire and service business
• Expanded through acquisitions and new store development
• Built a nationwide automotive service network
• Grew across urban and suburban markets
• Diversified into tires, brakes, and maintenance services
• Established as a leading automotive service provider in the U.S.

Where Monro Auto Service Stands Today

• Nationwide automotive service footprint
• Leading tire and repair provider
• Recurring maintenance-driven demand
• Primarily corporate-operated locations
• Broad range of vehicle services
• Focus on operational efficiency

Where Monro Auto Service Stands Today

• Growing digital service scheduling
• Increased operational efficiency
• Enhanced customer convenience
• Stronger maintenance demand
• Optimized store portfolio
• Focus on core automotive services
• Benefiting from aging vehicle trends

 

Why investors buy Monro Auto Service NNN Properties or Monro Auto Service ground Lease Properties?

Pros (what buyers like)

  • Established National Brand
    Well-known automotive service provider with decades of operating history
  • Essential Automotive Services
    Vehicle maintenance and repairs generate recurring customer demand
  • Needs-Based Business Model
    Consumers require ongoing tire, brake, and maintenance services regardless of economic cycles
  • High-Traffic Locations
    Many stores are located along major retail corridors and commuter routes
  • Attractive Lease Structures
    Long-term NNN and ground leases appeal to passive and 1031 exchange buyers
  • Growing Vehicle Age Trends
    Older vehicle fleet supports long-term demand for maintenance and repair services

Cons (what can bite you)

  • Non-Investment-Grade Credit
    Monro is not considered an investment-grade rated tenant
  • Lease Structure Variability
    Some leases may include landlord responsibilities for roof, structure, or capital items
  • Automotive Industry Competition
    Competition from dealerships, independent repair shops, and national chains
  • Flat or Limited Rent Growth
    Some leases may contain minimal rent escalations
  • Facility-Specific Re-Tenanting Risk
    Service bays and automotive layouts can limit alternative tenant uses
  • Operational Performance Risk
    Store performance can be influenced by local market conditions and consumer spending trends

Find out more

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Monro Auto Service Background & History

Monro Auto Service is a leading automotive maintenance and tire service provider best known for offering tire replacement, brake repair, alignments, oil changes, and general vehicle maintenance across the United States. What began as a regional tire business evolved into one of the nation’s largest automotive service chains focused on keeping vehicles safe and roadworthy.

Over time, the company expanded through acquisitions and organic growth, building a broad network of service centers operating under multiple automotive brands. Today, customers rely on Monro locations for routine maintenance, tire services, inspections, and repair work that support long-term vehicle ownership.

As vehicle technology and consumer expectations have evolved, the company has adapted through operational efficiencies, digital scheduling tools, and expanded service offerings designed to improve customer convenience and retention.

Why Monro Auto Service Matters to NNN Investors

Monro operates within the essential automotive maintenance sector, serving millions of vehicle owners who depend on routine repairs and preventative maintenance. The business model is driven by recurring service demand rather than discretionary retail spending, helping support customer traffic across various economic environments.

Many Monro locations are positioned along major retail corridors and commuter routes with strong visibility and convenient access. Demand is supported by recurring vehicle needs including tires, brakes, alignments, inspections, oil changes, and maintenance services that generate repeat customer visits.

This focus on essential automotive services helps support long-term relevance as the average age of vehicles in the United States continues to increase. Consumers keeping vehicles longer often require more maintenance and repair work, supporting demand for automotive service real estate.

What Buyers and Sellers Should Evaluate

For investors evaluating Monro Auto Service NNN properties, a Monro Auto Service net lease, or a Monro Auto Service ground lease, the investment thesis is typically centered on real estate quality, lease structure, and tenant operating strength. As a result, buyers often place greater emphasis on site fundamentals, lease economics, and long-term usability than on brand recognition alone.

Common searches include Monro Auto Service real estate, Monro Auto Service cap rate, Monro Auto Service lease term, Monro Auto Service tenant credit, and automotive service property performance. Ultimately, Monro Auto Service net lease value is driven by site-specific factors, lease structure, market demographics, and local operating performance.

As vehicle ownership trends continue to support maintenance demand, the strongest Monro locations tend to be those that remain well-positioned within their trade areas. Buyers and sellers should evaluate each property individually, including visibility, traffic counts, ingress and egress, surrounding population density, nearby competition, and lease language that defines landlord responsibilities.

In addition, investors should consider long-term cash-flow durability, facility condition, local market competition, and how the asset may perform across different hold periods and exit strategies.

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 Monro Auto Service ground lease properties or fee simple Monro Auto Service 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.

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