Tire Choice NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence
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
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
BUILDING SIZE
AVERAGE NOI
LAND
$/SF RANGE
LEASE TERM SHOWN
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
Investor Decision Framework (Buy / Hold / Sell)
✓ Strong “Buy Box” for a Tire Choice Net Lease
• 10–15+ years term remaining (or 8–10+ with options) • True NNN or clean NNN lease structure • High-traffic corridor with strong visibility and access • Modern service facility with multiple bays • 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 little or no escalations • Older or functionally outdated service building • Weak location (low traffic or poor access) • High rent vs market (re-tenanting risk)
Find out more
Tire Choice Background & History
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.