Mavis Discount Tire
Rent Bump in 2026 | Prime Philadelphia Retail Corridor | 30K+ VPD
Marketing description
Equity CRE is pleased to offer for sale this 12,200 square foot Mavis Discount Tire property located on a one acre parcel in Montgomeryville, Pennsylvania. The tenant has been operating at this site for over 30 years and has renewed the lease several times, showing commitment to this location. The tenant recently renewed their NNN lease - corporately guaranteed by Mavis Tire Supply LLC - and has 7+ years remaining with two, five-year options to renew. The lease features two rental increases in the base term - 5% on in 2026 and 10% on in 2031 - as well as 5% in each of the two, five-year option periods.
Investment highlights
RECENTLY EXTENDED, CORPORATELY GUARANTEED LEASE
• The tenant recently renewed their lease - corporately guaranteed by Mavis Tire Supply LLC; has 7+ years remaining with two, five-year options
TWO RENTAL INCREASES IN BASE TERM
• Next increase on 12/1/2026 ($178,000)
• Mavis has a 5% rental increase in 2026 and a 10% rental increase in 2031 - additional 5% rental increases occur in each five-year option period
ESTABLISHED TENANT
• The tenant has been operating at this site for over 30 years and has renewed the lease several times, showing commitment to this location
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