Midas
Interested in selling your Midas NNN property or Midas ground lease property and wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market Midas NNN property for sale or Midas ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the clarity needed to make informed decisions regarding the sale of your Midas NNN property or the inclusion of a Midas ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Midas properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of 2024, Midas operates approximately 2,100 locations worldwide, including around 1,200 stores across the United States and Canada. The brand has a strong presence in North America, with additional locations in international markets.
Revenue and income
Midas is a privately held brand and does not disclose standalone financial results. It operates as part of TBC Corporation, one of the world’s largest marketers of automotive replacement tires, which generates tens of billions of dollars in annual revenue across its portfolio. Midas contributes through its extensive global franchise network.
Future plans
Midas plans to continue expanding through franchise development and store modernization, with a focus on high-traffic urban and suburban locations. The company is also investing in digital tools, online appointment scheduling, and expanded service offerings, including electric vehicle–related maintenance, to meet evolving consumer needs.
Corporate vs. franchise
Midas operates primarily under a franchise model, with the vast majority of locations franchised. Franchisees typically pay an initial franchise fee along with ongoing royalty and marketing fees based on gross sales, in line with industry standards.
Additional information – Midas Properties
Midas was founded in 1956 by Nate Sherman in Macon, Georgia, originally as Midas Muffler.
The brand began by specializing in exhaust system repairs and later expanded into full-service automotive maintenance and repair.
Midas is widely known for services such as brakes, oil changes, tires, exhaust, and general car care.
Midas is headquartered in Palm Beach Gardens, Florida, and operates as a subsidiary of TBC Corporation.
Midas History
Midas was founded in 1956 by Nate Sherman in Macon, Georgia, originally operating under the name Midas Muffler. The company began as a specialized exhaust repair business, focusing on providing reliable and affordable muffler replacement services at a time when automotive repair needs were rapidly growing.
Over the years, Midas expanded beyond exhaust systems into full-service automotive maintenance and repair, including brakes, oil changes, tires, and general car care. This evolution allowed the brand to grow through franchising and establish a strong presence across North America and international markets.
Today, Midas operates thousands of locations worldwide and is recognized as a leading automotive service franchise brand, continuing to adapt its service offerings and technology to meet changing vehicle and consumer demands.
Why Invest in Ground Lease and NNN Lease of Midas?
Investing in Midas ground lease and triple net (NNN) lease properties offers several compelling advantages for real estate investors:
1) Midas NNN Property Investment: Stable income
Midas operates in the automotive repair and maintenance sector, a necessity-based industry that supports consistent customer demand and reliable long-term cash flow under ground lease and NNN lease structures.
2) Midas NNN Property Investment: Established tenant
With decades of operating history and a globally recognized brand, Midas is a trusted automotive service provider, reducing the risk of vacancy or lease default.
3) Midas NNN Property Investment: Low management responsibility
In ground lease and NNN lease arrangements, the tenant typically covers property taxes, insurance, maintenance, and repairs, resulting in minimal landlord involvement.
4) Midas NNN Property Investment: Favorable lease terms
Midas locations often operate under long-term lease agreements, frequently with scheduled rent escalations, offering predictable income growth over time.
5) Midas NNN Property Investment: Real estate value
Midas properties are commonly located along high-traffic retail corridors and major roadways, supporting strong site visibility and potential long-term real estate appreciation.
Pros and Cons of Midas Ground Lease and NNN Lease Investment
Pros:
Stable income is supported by Midas’s well-established, necessity-based automotive repair business.
A recognized national and international tenant reduces vacancy and lease default risk.
Ground lease and NNN structures require minimal management responsibility for landlords.
Long-term lease agreements provide income stability and potential rent growth.
Cons:
Lease renewal risk exists when the lease term expires.
Investment performance depends on Midas’s operational strength and franchisee performance.
Competition within the automotive repair and service industry can impact store profitability.
Limited landlord control over property operations and future decisions.
Economic conditions and broader real estate market risks may affect long-term investment returns.