Auto Service - Gas-Conv
Monro Tire, Inc. (NASDAQ: MNRO) - Hemet, CA | San Bernardino MSA
1772 W Florida Ave, Hemet, CA 92545
Listing Price: $1,496,700
Investment Overview
Single-Tenant Net Lease Tire Shop Portfolio
- Located in the Riverside-San Bernardino-Ontario MSA
High Barrier of Entry for Auto Repair Businesses
- Grandfathered in Locations
Below Market Rental Rates
- $20/sf Market Rental Rate per CoStar
- Rent is Currently at $11.34/sf
Low Price per Foot Basis
- Priced Under $200/Ft
Monro Acquired the Former Operator in Dec. 2020
- Publicly Traded Tenant | NASDAQ: MNRO
- Formerly Allen Tire Company
Historical Occupancy | Market Dominance
- Locations have been in business for 40+ Years
Surrounded by National Tenants
- Target, Walmart, Best Buy, & More
Steady Population Growth
- 176,000 People Within a Five-Mile Radius
100 Feet of Frontage on W Florida Ave.
- 30,000+ Vehicles per day
Monro Tire, Inc. (NASDAQ: MNRO) - Hemet, CA | San Bernardino MSA
Investment Highlights
- Single-Tenant Net Lease Tire Shop Portfolio - Located in the Riverside-San Bernardino-Ontario MSA
- High Barrier of Entry for Auto Repair Businesses - Grandfathered in Locations
- Below Market Rental Rates - $20/sf Market Rental Rate per CoStar - Rent is Currently at $11.34/sf
- Low Price per Foot Basis - Priced Under $200/Ft
- Monro Acquired the Former Operator in Dec. 2020 - Publicly Traded Tenant | NASDAQ: MNRO - Formerly Allen Tire Company
- Historical Occupancy | Market Dominance - Locations have been in business for 40+ Years
- Surrounded by National Tenants - Target, Walmart, Best Buy, & More
- Steady Population Growth - 176,000 People Within a Five-Mile Radius
Exclusively Listed By
Broker of Record
-
Tony Solomon
Senior Managing Director, Market Leader - Los Angeles
Financing By
Auto Service - Gas-Conv
Monro Tire, Inc. (NASDAQ: MNRO) - Hemet, CA | San Bernardino MSA
Listing Price: $1,496,700
Investment Highlights
- Single-Tenant Net Lease Tire Shop Portfolio - Located in the Riverside-San Bernardino-Ontario MSA
- High Barrier of Entry for Auto Repair Businesses - Grandfathered in Locations
- Below Market Rental Rates - $20/sf Market Rental Rate per CoStar - Rent is Currently at $11.34/sf
- Low Price per Foot Basis - Priced Under $200/Ft
- Monro Acquired the Former Operator in Dec. 2020 - Publicly Traded Tenant | NASDAQ: MNRO - Formerly Allen Tire Company
- Historical Occupancy | Market Dominance - Locations have been in business for 40+ Years
- Surrounded by National Tenants - Target, Walmart, Best Buy, & More
- Steady Population Growth - 176,000 People Within a Five-Mile Radius
Investment Overview
Single-Tenant Net Lease Tire Shop Portfolio - Located in the Riverside-San Bernardino-Ontario MSA High Barrier of Entry for Auto Repair Businesses - Grandfathered in Locations Below Market Rental Rates - $20/sf Market Rental Rate per CoStar - Rent is Currently at $11.34/sf Low Price per Foot Basis - Priced Under $200/Ft Monro Acquired the Former Operator in Dec. 2020 - Publicly Traded Tenant | NASDAQ: MNRO - Formerly Allen Tire Company Historical Occupancy | Market Dominance - Locations have been in business for 40+ Years Surrounded by National Tenants - Target, Walmart, Best Buy, & More Steady Population Growth - 176,000 People Within a Five-Mile Radius 100 Feet of Frontage on W Florida Ave. - 30,000+ Vehicles per day
Exclusively Listed By
Broker of Record
-
Tony Solomon
Senior Managing Director, Market Leader - Los Angeles
Financing By
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