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.