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32572520
32572518

10 Silver Street, Greenfield, MA 01301

RN
01324570
Marcus & Millichap - Los Angeles
JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$3,072,581
25 days on market
Updated 14 days ago

Town Fair Tire | 18.5-Year Abs NNN | Corporate Guarantee

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 14,261
Net Rentable (SqFt) 14,261
Cap Rate 6.2%
NOI $190,500
Occupancy 100%
Tenancy Single
Brand/Tenant Tire Kingdom, Big O Tires (+1)
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/31/2044
Remaining Term 18.6
Rent Bumps Yes
Lease Options 6 X 5-Year Options
Acreage 1.100
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/20/2024
Ground Lease No

Established Long-Operating Location

Marketing description

Marcus & Millichap is pleased to present Town Fair Tire at 10 Silver Street, Greenfield, MA, a rare opportunity to acquire a long-term, absolute net lease backed by one of the Northeast’s most established automotive service brands and guaranteed by Mavis Tire Express Services TopCo Corp., a national operator with 2,300+ locations. The property sits along the Federal Street/Silver Street commercial corridor, a primary north–south artery serving Greenfield and the broader Franklin County region. The site benefits from strong visibility, convenient access, and on-site parking, capturing both local residents and regional commuter traffic.

The asset is strategically positioned within an established retail and service trade area supported by national brands, local businesses, healthcare providers, and schools. Its proximity to Interstate 91, a major regional connector, further enhances daily traffic exposure and long-term demand for automotive services. Greenfield serves as the county seat and a stable regional hub with a diversified employment base, reinforcing the property’s durable income profile.

With ±18.5 years remaining on an absolute NNN lease, 5% rent increases every five years, and six 5-year renewal options, the property delivers predictable, passive income with zero landlord responsibilities.

Investment highlights

  • Long-Term Absolute Net Lease
  • Corporate-Backed Tenancy
  • Prime Greenfield Commercial Corridor Location
  • High-Traffic Regional Connectivity

Listing Contacts

RN
01324570
Marcus & Millichap - Los Angeles
JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$190,500.00
$15,875.00/mo

Valuation Metrics

0
DSCR
6.2%
Cap Rate
6.2%
ROI

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Additional Information

Name
Thomas Shihadeh
License
1000485
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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