Matthews™ Sets Three-Year Cap Rate Record with Mavis Tires & Brakes Disposition

SARASOTA, FL—Matthews™, a commercial real estate investment services and technology firm, represented the buyer and seller in the disposition of Mavis Tires & Brakes, located at 15209 Garnet Trail in Bradenton, Florida. Matthews™ Associate Michael Tamir, Executive Vice President & Managing Director Chad Kurz, and Vice President Kevin Puder facilitated the $4,775,000 transaction, which closed at a 5.15% cap rate, marking the lowest cap rate achieved for a Mavis Tires & Brakes sale in the past three years.

Located within Lakewood Ranch, one of Florida’s fastest-growing master-planned communities, the asset is strategically positioned along SR 70 with immediate access to I-75, providing connectivity throughout the greater Tampa Bay and Sarasota markets. The ±8,820-square-foot asset sits on approximately 1.38 acres and is occupied by Mavis Tires & Brakes, one of the nation’s largest independent tire and automotive service providers, with more than 3,500 locations nationwide. Built in 2022, the property is secured by an absolute NNN lease through December 2042, with more than 16 years of term remaining and 5% rent increases every five years.

The seller, a repeat Matthews™ client, brought the asset to market as part of a capital-raising strategy. Leveraging the firm’s proprietary database and extensive net lease investor network, Matthews™ directly sourced a private 1031 exchange buyer seeking to consolidate proceeds from a multifamily sale in New Jersey into a single investment property in the Tampa Bay area. Matthews™ maintained diligent communication between both parties, ultimately facilitating an all-cash close in just 21 days.

“Our philosophy is simple. Treat others the way you want to be treated,” Tamir said. “The Golden Rule is at the core of how we operate with our clients, allowing us to build relationships rooted in trust, transparency, and a shared commitment to success.”

For more information, please contact Michael Tamir, Chad Kurz, and Kevin Puder or visit www.matthews.com.

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.