Auto Parts

Mavis Discount Tire

275 Broadway, Keyport, NJ 07735

Listing Price: $1,977,273

Cap Rate
5.50%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
20.0
Gross SF
12,676
Guarantor
Corporate Guarantee
Rentable SF
12,676
Price/Gross SF
$155.99
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.58

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 275 Broadway in Keyport, New Jersey. The site consists of roughly 12,676 rentable square feet of building space on estimated 0.32-acre parcel of land.
This Mavis Discount Tire is subject to a 20-year Absolute Triple-Net (NNN) lease, which will commence upon the close of escrow. The annual rent is$108,750 and is scheduled to increase by five (5%) percent every five (5) years. There are six (6), five (5)-year tenant renewal options.

Investment Highlights

  • Long Term 20-Year Sale-Leaseback
  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of Five Percent (5%) Every Five (5) Years

Broker of Record

  • Brian Hosey

    Vice President / District Manager

    License(s): NJ: 1434917

    New Jersey

Listing Price: $1,977,273

Cap Rate
5.50%
Tenant Name
Mavis Discount Tire
Years Remaining On Lease
20.0
Gross SF
12,676
Guarantor
Corporate Guarantee
Rentable SF
12,676
Price/Gross SF
$155.99
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.58

Investment Highlights

  • Long Term 20-Year Sale-Leaseback
  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of Five Percent (5%) Every Five (5) Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 275 Broadway in Keyport, New Jersey. The site consists of roughly 12,676 rentable square feet of building space on estimated 0.32-acre parcel of land.
This Mavis Discount Tire is subject to a 20-year Absolute Triple-Net (NNN) lease, which will commence upon the close of escrow. The annual rent is$108,750 and is scheduled to increase by five (5%) percent every five (5) years. There are six (6), five (5)-year tenant renewal options.

Broker of Record

  • Brian Hosey

    Vice President / District Manager

    License(s): NJ: 1434917

    New Jersey

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