Listed by CP Partners
$4,094,000
Mavis Tires & Brakes
Details
Property Type Retail
Sub Type Storefront, Freestanding
Square Footage 8,082
Net Rentable (SqFt) 8,082
Cap Rate 7.25%
NOI $296,836
Occupancy 100%
Tenancy Single
Brand/Tenant Mavis Tires & Brakes
Lease Type Absolute NNN
Lease Expiration 05/31/2031
Rent Bumps Yes
Lease Options Three, 5-Year
Year Built 2006
Acreage 0.860
Parking Spaces 29 spaces
Parking per 1,000 SqFt 3.59
Investment Type Net Lease
Ground Lease No
Absolute NNN Lease Investment in Chicago MSA
Marketing description
For sale is a freestanding Mavis Tires & Brakes operating under an absolute NNN lease structure, offering investors passive income with built-in inflation
protection through CPI-based rent escalations.
The subject property is located in a growing suburb of Chicago, and is outparcel to the Shorewood Crossing shopping center, which features daily needs retailers
such as a Mariano’s grocery store, Marshalls, Orange Theory fitness, and Taco Bell.
Investment highlights
- Absolute NNN lease structure – tenant is responsible for all maintenance, repairs, taxes, insurance, and operating expenses, providing a truly passive investment
- CPI-based rental increases every 5 years, capped at 12%, offering built-in inflation protection and income growth potential
- The existing loan can be assumed and offers a below market interest rate of 5.92% (See page 6 for details)
- The subject property, formerly a NTB, has operated as a tire store for ~20 years and has an established customer base
- The current lease term runs through May 2031, and the tenant has three, 5-year extension options
- Essential service-oriented tenant in the automotive repair sector, benefiting from recurring consumer demand and limited e-commerce disruption
- Located approximately 43 miles southwest of downtown Chicago in the affluent community of Shorewood
- Average household incomes exceed $135,000 within a 3-mile radius of the subject property
- Positioned within a well-trafficked commercial corridor with nearby national retailers, service users, and daily-needs businesses
- Excellent accessibility to major roadways, include I-55 and regional arterial routes connecting to downtown Chicago and surrounding suburbs
Listing Contacts
Listed by CP Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$296,836.00
$24,736.33/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
Map
Zoning
B-3 CommercialGeneral CommercialGeneral Commercial District
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View all 120 uses Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics
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