Property History
NEW 15-YEAR LEASE EXTENSION ESTABLISHED 20 YEAR LOCATION
NTB, operated by Mavis Tire, executed a lease amendment on August 8, 2024, extending their lease by 15 years beyond the original term. Having operated at this location for over 20 years prior to the extension, the tenant’s renewed commitment underscores confidence in the site’s performance and solidifies durable cash flow for the next decade and a half.
POSITIONED IN DOMINANT RETAIL TRADE AREA
The property is strategically positioned near major retail anchors including Mid Rivers Mall (with over 4.9 million annual visits), Target, HomeGoods, Ross, and Dick’s Sporting Goods—driving steady consumer traffic to the area. Located within a dense retail corridor featuring over 3.8 million square feet of retail space within a 1-mile radius, the site serves a robust trade area of more than 290,000 residents within five miles.
CORPORATE GUARANTEE FROM MAVIS (2,000+ UNITS)
In May 2023, Mavis Tire Express Services acquired 392 NTB locations from TBC Corporation, expanding its national footprint to nearly 2,000 locations. As one of the largest independent tire and auto service platforms in the country, Mavis brings significant scale advantages, including centralized distribution, procurement efficiencies, and streamlined operations. The acquisition strengthens NTB’s long-term positioning and credit profile as part of a larger, more efficient enterprise.
LEADING NATIONWIDE AUTOMOTIVE SERVICE AND TIRE RETAILER
NTB operating over 400 locations across the United States. Known for its strong brand recognition and broad customer reach, NTB offers a full suite of automotive maintenance services including tire replacement, oil changes, brake work, and diagnostic services. With a long operating history, proven customer loyalty, and strategic backing from Mavis, NTB represents a stable, recession-resistant tenant in the essential auto services sector.
RARE LOW-PRICE NET-LEASE OPPORTUNITY IN PRIME RETAIL CORRIDOR
Priced significantly below typical net-lease investments, this NTB offers investors an exceptional opportunity to acquire a corporate-guaranteed asset at an unusually low entry point. The accessible price, combined with a strong retail location and solid market fundamentals, makes this an ideal option for investors seeking affordability without sacrificing quality or stability.
Loan History
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