Auto Service - Gas-Conv
Monro Tire, Inc. (NASDAQ: MNRO) - Riverside, CA | San Bernardino MSA
10976 Hole Ave, Riverside, CA 92505
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
- $19/sf Market Rental Rate per CoStar
- Rent is Currently at $14.89/sf
• Low Price per Foot Basis
- Priced Under $250/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
• Proximity to National Tenants
- Target, Walmart, Best Buy, & More
• Steady Population Growth
- 262,000 People Within a Five-Mile Radius
• 100 Feet of Frontage on Hole Ave.
- 12,500+ Vehicles per day
- Quick Access to La Sierra Ave (20,000+ VPD)
Monro Tire, Inc. (NASDAQ: MNRO) - Riverside, 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 - $19/sf Market Rental Rate per CoStar - Rent is Currently at $14.89/sf
- • Low Price per Foot Basis - Priced Under $250/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
- • Proximity to National Tenants - Target, Walmart, Best Buy, & More
- • Steady Population Growth - 262,000 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) - Riverside, 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 - $19/sf Market Rental Rate per CoStar - Rent is Currently at $14.89/sf
- • Low Price per Foot Basis - Priced Under $250/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
- • Proximity to National Tenants - Target, Walmart, Best Buy, & More
- • Steady Population Growth - 262,000 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 - $19/sf Market Rental Rate per CoStar - Rent is Currently at $14.89/sf • Low Price per Foot Basis - Priced Under $250/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 • Proximity to National Tenants - Target, Walmart, Best Buy, & More • Steady Population Growth - 262,000 People Within a Five-Mile Radius • 100 Feet of Frontage on Hole Ave. - 12,500+ Vehicles per day - Quick Access to La Sierra Ave (20,000+ VPD)
Exclusively Listed By
Broker of Record
-
Tony Solomon
Senior Managing Director, Market Leader - Los Angeles
Financing By
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