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Town Fair Tire | 18.5-Year Absolute NNN 10 Silver St 16,746 SF Industrial Building Greenfield, MA 01301 $4,100,470 CAD ($244.86 CAD/SF) 6.46% Cap Rate
Investment Highlights
- Long-Term Absolute Net Lease
- Prime Greenfield Commercial Corridor Location
- Corporate-Backed Tenancy
- High-Traffic Regional Connectivity
Executive Summary
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. The offering provides investors with a high-quality, inflation-resistant income stream in a supply-constrained New England market.
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. The offering provides investors with a high-quality, inflation-resistant income stream in a supply-constrained New England market.
Property Facts
| Price | $4,100,470 CAD | Lot Size | 0.59 AC |
| Price Per SF | $244.86 CAD | Rentable Building Area | 16,746 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 6.46% | Year Built/Renovated | 1953/2023 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Service | Parking Ratio | 0.3/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 12 |
| Zoning | GC - General Commercial | ||
| Price | $4,100,470 CAD |
| Price Per SF | $244.86 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 6.46% |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.59 AC |
| Rentable Building Area | 16,746 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1953/2023 |
| Tenancy | Single |
| Parking Ratio | 0.3/1,000 SF |
| No. Drive In / Grade-Level Doors | 12 |
| Zoning | GC - General Commercial |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Dec 2044
Town Fair Tire began as a Connecticut tire retailer founded by Neil Mellen, who opened the first store in Fairfield and built the business around a tire-focused retail model. The company sells tires and wheels and provides related services such as mounting, balancing, rotation, flat repair, and winter change-over. Town Fair Tire operates a wide store network across Connecticut, Massachusetts, Maine, New Hampshire, New York, Rhode Island, and Vermont. The business became part of the Mavis family of brands, which expanded its regional tire and auto-service footprint through acquisition.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Dec 2044 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,053,401 CAD | |
| Land Assessment | $189,553 CAD | Total Assessment | $2,242,954 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$189,553 CAD
Improvements Assessment
$2,053,401 CAD
Total Assessment
$2,242,954 CAD
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Town Fair Tire | 18.5-Year Absolute NNN | 10 Silver St
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