Mavis Discount Tire - Tenant Overview


January 25, 2024

Auto - Others

Tenant Description

Founded in 1949 in Mt. Vernon, New York, Mavis has grown remarkably in the tire and auto service industry. Now operating over 850 locations across 22 states, Mavis showcases significant market reach and influence. This expansion reflects the company's strong foundation and strategic growth.

Mavis is renowned for its premium tires and top-quality auto services, earning a reputation for excellent service and value over 70+ years. This enduring commitment to quality has fostered strong customer loyalty and sustained brand power. Their extensive geographical presence further solidifies their status as a major industry player.

Incorporating advanced digital solutions, Mavis enhances efficiency and customer experience. This technological integration streamlines service delivery, bolstering their market competitiveness. Their approach to technology reflects a modern, customer-focused business strategy.

Financially, Mavis is robust, with annual revenues exceeding $500 million and a peak of $160 million in 2022. Employing over 1,000 individuals, the company is a significant employer in the industry. This financial stability and market presence make Mavis an attractive and reliable tenant.

Mavis's real estate strategy involves an extensive network of service locations, from urban to suburban areas, emphasizing accessibility and convenience. This wide footprint caters to a diverse customer base. Despite challenges like market volatility and competition, Mavis's industry tenure, growth, and financial performance mark them as a desirable tenant in the commercial real estate sector.

Average Asking Cap Rate


3 mo avg (117 properties)

Typical Investment/Lease

Average Sale Price




$/Square Foot

$340 - $475

Building SF

6,500 - 8,700

Approx. Store Count


Lease Term

15 years


7.5% Every 5 Years

Stock Symbol


Credit Quality



Average Asking Cap Rate Trend





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