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Auto Parts

Town Fair Tire - (A Mavis Brand)

491 Lakewood Rd, Waterbury, CT 06704

Listing Price: $4,412,000

Cap Rate
6.00%
Tenant Name
Town Fair Tire
Years Remaining On Lease
15.7
Guarantor
Corporate Guarantee
Rentable SF
7,639
Lease Type
Absolute Net
Rent Per Square Feet
$34.65

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale an absolute NNN lease with Town Fair Tire located in Waterbury CT. The stand-alone 7,639 SF Town Fair Tire has 7 service bays and is ranked as the #4 performer in the 119 store chain.

Investment Highlights

  • TOP PERFORMING STORE IN THE CHAIN Ranked #4 out of 119 locations by Placer.ai based on Visits PSF 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: $4,412,000

Cap Rate
6.00%
Tenant Name
Town Fair Tire
Years Remaining On Lease
15.7
Guarantor
Corporate Guarantee
Rentable SF
7,639
Lease Type
Absolute Net
Rent Per Square Feet
$34.65

Investment Highlights

  • TOP PERFORMING STORE IN THE CHAIN Ranked #4 out of 119 locations by Placer.ai based on Visits PSF 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 Waterbury CT. The stand-alone 7,639 SF Town Fair Tire has 7 service bays and is ranked as the #4 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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