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Auto Parts

Town Fair Tire

162 S Main St, Rutland, VT 05701

Listing Price: $2,913,000

Cap Rate
6.00%
Tenant Name
Town Fair Tire
Years Remaining On Lease
15.5
Guarantor
Corporate Guarantee
Rentable SF
8,800
Lease Type
Absolute Net
Rent Per Square Feet
$19.86

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale an absolute NNN lease with Town Fair Tire located in Rutland, VT. This stand-alone 8,800 SF Town Fair Tire has 7 service bays.

Ther are 16 years remaining on the base term with 10% bumps every 5 years. Tenant has sole responsibility for all operating, capital expenses, roof & structure which removes any Landlord liability and makes this property truly an absolute net-lease investment.

his Town Fair Tire is well positioned where State Rt. 7 and Rt. 4 merge on South Main
Street in Rutland, VT, combining to carry over 30,000 vehicles per day. This is the area’s
dominant retail location as evidenced by surrounding shadow anchors Walmart, Dick’s,
TJ Maxx, Petco and grocers Hannaford and Market 32. This property includes an adjacent
residential home that the Tenant will demolish at no additional cost, as well as an extra
storage building in the rear of the property.

Investment Highlights

  • ZERO LANDLORD RESPONSIBILITIES
  • LONG-TERM ABSOLUTE NNN LEASE W/ BUMPS
  • STRATEGICALLY LOCATED ON RT. 9 AND RT. 9

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

    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

Broker of Record

  • Jeffrey R Nick

    Broker Of Record

    (802) 876-6923

    License(s) 081.0000142

    Vermont

Auto Parts

Town Fair Tire

Listing Price: $2,913,000

Cap Rate
6.00%
Tenant Name
Town Fair Tire
Years Remaining On Lease
15.5
Guarantor
Corporate Guarantee
Rentable SF
8,800
Lease Type
Absolute Net
Rent Per Square Feet
$19.86

Investment Highlights

  • ZERO LANDLORD RESPONSIBILITIES
  • LONG-TERM ABSOLUTE NNN LEASE W/ BUMPS
  • STRATEGICALLY LOCATED ON RT. 9 AND RT. 9

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale an absolute NNN lease with Town Fair Tire located in Rutland, VT. This stand-alone 8,800 SF Town Fair Tire has 7 service bays. Ther are 16 years remaining on the base term with 10% bumps every 5 years. Tenant has sole responsibility for all operating, capital expenses, roof & structure which removes any Landlord liability and makes this property truly an absolute net-lease investment. his Town Fair Tire is well positioned where State Rt. 7 and Rt. 4 merge on South Main Street in Rutland, VT, combining to carry over 30,000 vehicles per day. This is the area’s dominant retail location as evidenced by surrounding shadow anchors Walmart, Dick’s, TJ Maxx, Petco and grocers Hannaford and Market 32. This property includes an adjacent residential home that the Tenant will demolish at no additional cost, as well as an extra storage building in the rear of the property.

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

    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

Broker of Record

  • Jeffrey R Nick

    Broker Of Record

    (802) 876-6923

    License(s): 081.0000142

    Vermont

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