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Town Fair Tire | Mavis Guarantee

286 E Main St, Westfield, MA 01085

Listing Price: $2,997,000

Cap Rate
5.99%
Tenant Name
Town Fair Tire
Years Remaining On Lease
15.5
Guarantor
Corporate Guarantee
Rentable SF
8,215
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.89

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale an absolute NNN lease with Town Fair Tire located in Westfield, MA. This stand-alone 8,215 SF Town Fair Tire has 5 service bays and is ranked as the #56 performer in the 119-store chain.

Investment Highlights

  • STRONG PERFORMING STORE IN THE CHAIN - Ranked #56 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

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

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

    Washington, D.C.

  • 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

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s) MA: 1000485

    Massachusetts

Auto Parts

Town Fair Tire | Mavis Guarantee

Listing Price: $2,997,000

Cap Rate
5.99%
Tenant Name
Town Fair Tire
Years Remaining On Lease
15.5
Guarantor
Corporate Guarantee
Rentable SF
8,215
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.89

Investment Highlights

  • STRONG PERFORMING STORE IN THE CHAIN - Ranked #56 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 Westfield, MA. This stand-alone 8,215 SF Town Fair Tire has 5 service bays and is ranked as the #56 performer in the 119-store chain.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

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

    Washington, D.C.

  • 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

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s): MA: 1000485

    Massachusetts

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