Skip to main content

Auto Service - Gas-Conv

Tire Choice (NASDAQ: MNRO) | High Yield | Bite Size Deal

340 2nd St, Williamsburg, VA 23185

Listing Price: $873,174

Cap Rate
7.75%
Tenant Name
Monro, Inc.
Years Remaining On Lease
4.0
Guarantor
Corporate Guarantee
Rentable SF
4,680
Lease Type
Double Net
Rent Per Square Feet
$14.46

Investment Overview

This investment opportunity features a well-established tenant with over 35 years of continuous occupancy at a built-to-suit location. The lease is currently below market rate, providing long-term stability and potential future upside for the landlord. A ten-year lease extension was signed in 2019, with four years remaining and a five-year renewal option. As the only Monro Inc. location in Williamsburg, the site faces limited internal competition and benefits from prime frontage on 2nd Street, a major thoroughfare with over 13,500 vehicles per day connecting Williamsburg to Interstate 64.

Investment Highlights

  • - 35+ Years of Occupancy at Location - Build to Suit for Tenant
  • - Below Market Rental Rate - Provides Security for Landlord
  • - Ten Year Lease Extension Signed in 2019 - Four Years Remaining on Current Term with One Five Year Option to Renew
  • - Limited Internal Competition - Only Monro Inc. Location in Williamsburg
  • -Frontage on 2nd St. (13,500+ VPD) - Thoroughfare Connecting Williamsburg to Interstate 64

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director / Market Leader

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Auto Service - Gas-Conv

Tire Choice (NASDAQ: MNRO) | High Yield | Bite Size Deal

Listing Price: $873,174

Cap Rate
7.75%
Tenant Name
Monro, Inc.
Years Remaining On Lease
4.0
Guarantor
Corporate Guarantee
Rentable SF
4,680
Lease Type
Double Net
Rent Per Square Feet
$14.46

Investment Highlights

  • - 35+ Years of Occupancy at Location - Build to Suit for Tenant
  • - Below Market Rental Rate - Provides Security for Landlord
  • - Ten Year Lease Extension Signed in 2019 - Four Years Remaining on Current Term with One Five Year Option to Renew
  • - Limited Internal Competition - Only Monro Inc. Location in Williamsburg
  • -Frontage on 2nd St. (13,500+ VPD) - Thoroughfare Connecting Williamsburg to Interstate 64

Investment Overview

This investment opportunity features a well-established tenant with over 35 years of continuous occupancy at a built-to-suit location. The lease is currently below market rate, providing long-term stability and potential future upside for the landlord. A ten-year lease extension was signed in 2019, with four years remaining and a five-year renewal option. As the only Monro Inc. location in Williamsburg, the site faces limited internal competition and benefits from prime frontage on 2nd Street, a major thoroughfare with over 13,500 vehicles per day connecting Williamsburg to Interstate 64.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director / Market Leader

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

MM Texture Background
MM Textured Background Lower