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Auto Parts

Town Fair Tire - (A Mavis Brand)

886 Memorial Dr, Chicopee, MA 01020

Listing Price: $2,864,000

Cap Rate
6.00%
Tenant Name
Town Fair Tire
Years Remaining On Lease
15.7
Gross SF
13,752
Guarantor
Corporate Guarantee
Rentable SF
13,752
Price/Gross SF
$208.26
Lease Type
Absolute Net
Rent Per Square Feet
$12.49

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale an absolute NNN lease with Town Fair Tire located in Chicopee, MA. The stand-alone 15,364 SF Town Fair Tire has 9 service bays and is ranked as the #25 performer in the 119 store chain.

Investment Highlights

  • STRONG PERFORMING STORE IN THE CHAIN Ranked #25 out of 119 locations by Placer.ai based on Visits ranking
  • 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

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Henry McKenney

    Associate

    (617) 896-7238

    Email Henry

    License(s): MA: 1002173

    Boston

Auto Parts

Town Fair Tire - (A Mavis Brand)

Listing Price: $2,864,000

Cap Rate
6.00%
Tenant Name
Town Fair Tire
Years Remaining On Lease
15.7
Gross SF
13,752
Guarantor
Corporate Guarantee
Rentable SF
13,752
Price/Gross SF
$208.26
Lease Type
Absolute Net
Rent Per Square Feet
$12.49

Investment Highlights

  • STRONG PERFORMING STORE IN THE CHAIN Ranked #25 out of 119 locations by Placer.ai based on Visits ranking
  • 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 Chicopee, MA. The stand-alone 15,364 SF Town Fair Tire has 9 service bays and is ranked as the #25 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

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Henry McKenney

    Associate

    (617) 896-7238

    Email Henry

    License(s): MA: 1002173

    Boston

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