Auto Parts
Town Fair Tire
162 S Main St, Rutland, VT 05701
Listing Price: $2,913,000
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.
Listing Price: $2,913,000
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.
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