Auto Service - Gas-Conv
Tire Choice (NASDAQ: MNRO) | High Yield | Bite Size Deal
340 2nd St, Williamsburg, VA 23185
Listing Price: $873,174
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
 
Auto Service - Gas-Conv
Tire Choice (NASDAQ: MNRO) | High Yield | Bite Size Deal
Listing Price: $873,174
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.