STRONG PERFORMING STORE IN THE CHAIN
Ranked #44 out of 119 locations by Placer.ai based on Visits ranking.
BEST OF THE BEST LOCATIONS - STRICTLY RETAIL
The Town Fair Tire sites being offered were all in the founder’s personal portfolio and are positioned in the chain’s best retail locations. Town Fair Tire strictly sells tires and
wheels and are located next to national retailers unlike other tire chains that also offer oil changes and tune-ups and have greater exposure to environmental issues.
OVER 50 RECENT SALE COMPS BETWEEN 5.34% TO 6.10% See pages 17-19 to review over 50 sale comps of tire retailers that have all sold at average cap
rates between 5.34% and 6.10% including three Town Fair Tires that just sold in December.
DURABLE INDUSTRY POSITIONED FOR STRONG GROWTH
Since electrical cars weigh more than their gas-powered counterparts, they also wear out tires more quickly which will only increase the demand for tires as the country
transitions to electric cars.
ZERO LANDLORD RESPONSIBILITIES
Tenant has sole responsibility for all operating, capital expenses, roof & structure which removes any Landlord liability and makes this property truly an absolute
net-lease investment.
LONG TERM ABSOLUTE NNN LEASE W/ BUMPS
16 years remaining on the base term with 10% bumps every 5 years.
STRATEGICALLY LOCATED OFF I-84
Located on New Britain Avenue in West Hartford, CT, this Town Fair Tire is easily accessible to 140,000 people living within 3 miles from Exit 41 of I-84. This location
benefits from the activity generated by the wide range of retailers within a 3-mile radius. New Britain Avenue transports around 20,100 vehicles daily, providing high visibility to area consumers. This location features an additional building with 4 bays.
OVER 2,000 LOCATIONS/PARENT GUARANTY SECURES THE LEASE
Town Fair Tire merged with Mavis Inc. in 2019 creating a company with over 2,000 locations. Both Mavis and Town Fair Tire entities are listed as the Tenant, and both are
backstopped with a Mavis Tire Express Services TopCo Corp. parent guaranty.