Auto Parts
Mavis Discount Tire
589 Willis Ave, Williston Park, NY 11596
Listing Price: $3,545,455
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Mavis Discount Tire located at 589 Willis Avenue in Williston Park, New York. The site consists of roughly 4,390 rentable square feet of building space on estimated 0.23 acre parcel of land.
This Mavis Discount Tire is subject to a 20-year Absolute Triple-Net (NNN) lease, which commence will commence upon the close of escow. The annual rent is $195,000 and is scheduled to increase by five (5%) percent every five (5) years. There are six (6), five (5)-year tenant renewal options.
Exclusively Listed By
Listing Price: $3,545,455
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 589 Willis Avenue in Williston Park, New York. The site consists of roughly 4,390 rentable square feet of building space on estimated 0.23 acre parcel of land.
This Mavis Discount Tire is subject to a 20-year Absolute Triple-Net (NNN) lease, which commence will commence upon the close of escow. The annual rent is $195,000 and is scheduled to increase by five (5%) percent every five (5) years. There are six (6), five (5)-year tenant renewal options.
Exclusively Listed By
