Tire Choice NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence

Tire Choice

Last Year Cap

7.2%

This Year Cap

7.0%

Cap Change

-0.2%

Last Year Rating

BB-

This Year Rating

BB-

Rating Change

No change

Tire Choice – 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

Tire Choice

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

Tire Choice Net Lease: Secure, Essential Investment

Tire Choice is a nationally 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, Tire Choice properties are important to compare with other automotive service assets, as lease structure, tenant credit, and location quality can materially impact pricing, financing, and long-term resale value.

Investors often target Tire Choice assets for:

  • Stable Service-Based Income Potential
  • Recession-Resistant Automotive Repair Demand
  • Moderate Tenant Credit (Stronger than lower-tier peers)
  • Attractive 1031 Exchange Yield Opportunities

Tire Choice properties require close comparison of rent escalations, remaining lease term, extension options, and real estate fundamentals, as tenant credit and lease structure directly influence valuation.

Tire Choice Properties for 1031 Exchange Buyers

Tire Choice properties often trade differently than investment-grade net lease assets. Buyers should carefully evaluate lease structure, remaining term, renewal options, landlord responsibilities, and re-tenanting potential to understand long-term risk and return.

Tire Choice – 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

Tire Choice Stock Price (NASDAQ: MNRO)

Tire Choice Investment Market Statistics

AVERAGE SALE PRICE

$3,500,000

BUILDING SIZE

3,000 – 7,000 SF

AVERAGE NOI

$230,000

LAND

0.70 – 1.50 acres

$/SF RANGE

$250 – $550

LEASE TERM SHOWN

15 years

Tire Choice Investor Snapshot (Quick Facts)

Origins & Growth (Past)

  • Began as a regional automotive service brand under Monro, Inc.
  • Expanded through acquisitions of local tire and repair shops
  • Integrated multiple service brands into a unified platform
  • Grew footprint across the Eastern and Midwestern U.S.
  • Focused on tire replacement and essential vehicle services
  • Standardized store formats and service offerings
  • Established a strong presence in the auto service retail sector

Where Tire Choice Stands Today

  • Strong U.S. automotive service footprint
  • Established tire and repair retail brand
  • Steady demand from essential services
  • Operates under Monro, Inc. platform
  • Recurring revenue from vehicle maintenance
  • Growing digital scheduling capabilities
  • Focus on operational efficiency and margins

Where Tire Choice Stands Today

  • Expanded service offerings
  • Increased operational efficiency
  • Digital appointment growth
  • Stronger customer retention focus
  • Optimized store formats
  • EV service readiness
  • Automotive demand tailwinds

Why investors buy Tire Choice NNN Properties or Tire Choice ground Lease Properties?

Pros (what buyers like)

  • Recognized automotive service brand
    Operates under Monro, Inc. with established operating history
  • Essential, service-based retail
    Tire replacement and repairs drive repeat, needs-based demand
  • Strong real estate fundamentals
    Locations often on high-traffic corridors with good visibility
  • Attractive yield vs investment-grade
    Higher cap rates appeal to cash-flow-focused and 1031 buyers

Cons (what can bite you)

  • Non-investment-grade tenant credit
    BB- / Ba3 profile carries more risk than investment-grade tenants
  • Lease structure variability
    Some deals are NN or modified NNN with landlord responsibilities
  • Limited rent growth
    Leases may have flat or modest rent escalations
  • Re-tenanting risk
    Auto service layouts can limit alternative tenant options

Find out more

Tire Choice NNN property, Tire Choice cap rate, Tire Choice ground lease, Tire Choice tenant credit, Tire Choice 1031 exchange, Tire Choice net lease, Tire Choice real estate, Tire Choice lease terms, automotive service NNN

Tire Choice Background & History

Tire Choice is a national automotive service brand best known for its network of tire and maintenance service centers, focused on essential vehicle needs such as tire replacement, brakes, and routine repairs. What began as part of a regional service platform evolved into a scaled automotive retail model under Monro, Inc., built around consistent, needs-based demand rather than discretionary retail.

Over time, the platform expanded through acquisitions and integration of local service providers, creating a broad footprint across multiple U.S. markets. Today, customers rely on Tire Choice locations for critical vehicle maintenance that supports daily transportation and safety, with a business model centered on repeat service visits.

As consumer reliance on personal vehicles remains strong, the brand has adapted through standardized service formats, operational efficiencies, and increasing use of digital scheduling tools to support store-level performance.

Why Tire Choice Matters to NNN Investors

Today, Tire Choice operates as part of a large automotive service network, serving a steady flow of recurring customers. The business model is driven by essential, non-discretionary demand, as tire replacement and vehicle repairs are necessary across economic cycles.

Unlike traditional retail, performance is tied more to service demand than consumer spending trends, which can provide stability during economic slowdowns. However, as a non-investment-grade tenant (BB- / Ba3), investors tend to place greater emphasis on lease structure, rent levels, and location quality.

This service-driven model helps explain why Tire Choice remains relevant even as retail evolves. The platform continues to optimize operations, improve efficiency, and maintain consistent service demand across its locations.

What Buyers and Sellers Should Evaluate

For investors evaluating Tire Choice NNN properties or Tire Choice ground lease assets, the investment thesis is typically centered on service-driven demand supported by strong real estate fundamentals. Buyers often focus more on lease structure, site quality, and rent vs market than on brand recognition alone.

Common searches include Tire Choice real estate, Tire Choice cap rate, Tire Choice lease term, Tire Choice tenant credit, and automotive service property performance. Ultimately, Tire Choice net lease value is driven by site-specific factors, lease economics, and re-tenanting potential.

Because these are specialized automotive properties, buyers and sellers should carefully evaluate building configuration, service bay count, parking, visibility, traffic counts, and accessibility. In addition, lease language defining landlord responsibilities (NNN vs modified NNN) plays a critical role in underwriting.

Investors should also consider long-term cash flow durability, tenant credit profile, and exit strategy, including how easily the asset could be re-leased or repositioned if vacated.

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 Tire Choice ground lease properties or fee simple Tire Choice 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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