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Auto Parts

Town Fair Tire - (A Mavis Brand)

996 High Ridge Rd, Stamford, CT 06905

Listing Price: $4,222,000

Cap Rate
5.75%
Tenant Name
Town Fair Tire
Years Remaining On Lease
15.7
Gross SF
4,800
Guarantor
Corporate Guarantee
Rentable SF
4,800
Price/Gross SF
$879.58
Lease Type
Absolute Net
Rent Per Square Feet
$50.58

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale an absolute NNN lease with Town Fair Tire located in Stamford CT. The stand-alone 4,833 SF Town Fair Tire has 3 service bays and is ranked as the #2 performer in the 119 store chain

Investment Highlights

  • TOP PERFORMING STORE IN THE CHAIN Ranked #2 out of 119 locations by Placer.ai based on Visits PSF ranking and #1 out of 36 in CT
  • ZERO LANDLORD RESPONSIBILITIES Tenant has sole responsibility for all operating, capital expenses, roof & structure which removes any Landlord liability and makes this property truly an absolute net
  • LONG TERM ABSOLUTE NNN LEASE W/ BUMPS 16 years remaining on the base term with 10% bumps every 5 years

Exclusively Listed By

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7231

    Email James

    License(s): MA: 9010104, RI: REB.0014481, NH: 005566, ME: DB904355, CT: REB.0755412, NY: 10301206120

    Boston

  • Henry McKenney

    Associate

    (617) 896-7238

    Email Henry

    License(s): MA: 1002173

    Boston

Auto Parts

Town Fair Tire - (A Mavis Brand)

Listing Price: $4,222,000

Cap Rate
5.75%
Tenant Name
Town Fair Tire
Years Remaining On Lease
15.7
Gross SF
4,800
Guarantor
Corporate Guarantee
Rentable SF
4,800
Price/Gross SF
$879.58
Lease Type
Absolute Net
Rent Per Square Feet
$50.58

Investment Highlights

  • TOP PERFORMING STORE IN THE CHAIN Ranked #2 out of 119 locations by Placer.ai based on Visits PSF ranking and #1 out of 36 in CT
  • ZERO LANDLORD RESPONSIBILITIES Tenant has sole responsibility for all operating, capital expenses, roof & structure which removes any Landlord liability and makes this property truly an absolute net
  • LONG TERM ABSOLUTE NNN LEASE W/ BUMPS 16 years remaining on the base term with 10% bumps every 5 years

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale an absolute NNN lease with Town Fair Tire located in Stamford CT. The stand-alone 4,833 SF Town Fair Tire has 3 service bays and is ranked as the #2 performer in the 119 store chain

Exclusively Listed By

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7231

    Email James

    License(s): MA: 9010104, RI: REB.0014481, NH: 005566, ME: DB904355, CT: REB.0755412, NY: 10301206120

    Boston

  • Henry McKenney

    Associate

    (617) 896-7238

    Email Henry

    License(s): MA: 1002173

    Boston

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