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
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
BUILDING SIZE
AVERAGE NOI
LAND
$/SF RANGE
LEASE TERM SHOWN
Monro Auto Service Investor Snapshot (Quick Facts)
Origins & Growth (Past)
• 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
Investor Decision Framework (Buy / Hold / Sell)
✓ Strong “Buy Box” for a Monro Auto Service Net Lease
• 10–15+ years term remaining (or shorter term with strong renewal options) • Absolute NNN or clean NNN lease structure • High-performing location with strong sales history • Prime retail corridor with excellent visibility and access • Dense population and strong traffic counts • Rent aligned with market, supporting resale and backfill • Modern facility with well-maintained service bays • Established presence within a growing trade area
02
⚠ Yellow Flags (Price Accordingly)
• NN lease (not true NNN) with landlord responsible for roof, structure, or major capital items • Flat rent with limited or no rent escalations • Short remaining lease term without meaningful renewal options • Older or functionally obsolete service facility • Non-prime location with weak visibility, access, or traffic counts • Underperforming store or weak operating history • Re-tenanting challenges due to automotive service bay configuration • Heavy local competition from national chains, dealerships, or independent repair shops
Find out more
Monro Auto Service Background & History
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.