Skip to main content

Shopping Auto Center

Mr. Tire & Brown’s Motorcycle Repair

425 Manchester Rd, Westminster, MD 21157

Listing Price: $3,850,000

Cap Rate
6.23%
Gross SF
9,837
Rentable SF
9,837
Price/Gross SF
$391.38
Lot Size
1.09 acres
Year Built
1977

Investment Overview

Marcus & Millichap is please to announce our latest investment offering of a two tenant, net-leased building home to Mr. Tire Auto Service Centers (Monro, Inc.) and Brown’s Motorcycle Repair located in Westminster, Maryland. The property has been home of Mr. Tire since 1998 and has continuously utilized the location to sustain its strong market share in the greater Baltimore region. As a company, Mr. Tire installs three million tires on customers automobiles each year. Their business is not just that of tires, as a full-service automotive center, Mr. Tire offers mechanical repairs, general maintenance, and oil changes as a one stop shop for their customers. Mr. Tire occupies approximately 2/3 of the building at this location and the remainder of the property is tenanted by Brown’s Motorcycle Repair, a successful business focused on the two wheeled vehicle market, offering maintenance, repairs, parts, and accessories to their customers. The property has an excellent symbiotic tenant relationship, with superior visibility and easy access from the heavily travelled State Route 27, Manchester Road. The building is ideal for each businesses’ going concern, with seven automotive bays with hydraulic lifts in the front of the property utilized by Mr. Tire; and multiple roll up doors in the rear of the property, idea for the business of motorcycle repair. Mr. Tire has excellent 3% annual increases in their triple-net lease and Brown’s recently exercised their only lease extension option early illustrating the strength of the location for both operations. Their repair businesses are recession resistant, and necessity based, making the continued tenancy all but guaranteed, thus creating opportunity for the new owner, with neither tenant having any further option to extend remaining in the leases. This will allow an astute investor to renegotiate with each tenant upon expiration, creating the ability to secure strong long-term leases at that time. The property is poised to generate strong returns going forward and is insulated from market flux due to the service/necessity business’ natures, built in rent increases and inflation protection of new lease negotiation upon expiration.

Investment Highlights

  • 1.) Long-term Auto Service Location Since 1998
  • 2.) Corporate Lease – Monro, Inc.
  • 3.) Annual Rent Increase of 3%
  • 4.) Excellent Visibility with Prominent Signage
  • 5.) Located on Heavily Trafficked Manchester Road
  • 6.) Desirable Suburban Baltimore Location
  • 7.) Value-Add Upon Expiration – No Options Remain

Exclusively Listed By

Broker of Record

  • Bryn Merrey

    Senior Managing Director Investments

    (202) 536-3700

    License(s) MD: 646476

    Maryland

Shopping Auto Center

Mr. Tire & Brown’s Motorcycle Repair

Listing Price: $3,850,000

Cap Rate
6.23%
Gross SF
9,837
Rentable SF
9,837
Price/Gross SF
$391.38
Lot Size
1.09 acres
Year Built
1977

Investment Highlights

  • 1.) Long-term Auto Service Location Since 1998
  • 2.) Corporate Lease – Monro, Inc.
  • 3.) Annual Rent Increase of 3%
  • 4.) Excellent Visibility with Prominent Signage
  • 5.) Located on Heavily Trafficked Manchester Road
  • 6.) Desirable Suburban Baltimore Location
  • 7.) Value-Add Upon Expiration – No Options Remain

Investment Overview

Marcus & Millichap is please to announce our latest investment offering of a two tenant, net-leased building home to Mr. Tire Auto Service Centers (Monro, Inc.) and Brown’s Motorcycle Repair located in Westminster, Maryland. The property has been home of Mr. Tire since 1998 and has continuously utilized the location to sustain its strong market share in the greater Baltimore region. As a company, Mr. Tire installs three million tires on customers automobiles each year. Their business is not just that of tires, as a full-service automotive center, Mr. Tire offers mechanical repairs, general maintenance, and oil changes as a one stop shop for their customers. Mr. Tire occupies approximately 2/3 of the building at this location and the remainder of the property is tenanted by Brown’s Motorcycle Repair, a successful business focused on the two wheeled vehicle market, offering maintenance, repairs, parts, and accessories to their customers. The property has an excellent symbiotic tenant relationship, with superior visibility and easy access from the heavily travelled State Route 27, Manchester Road. The building is ideal for each businesses’ going concern, with seven automotive bays with hydraulic lifts in the front of the property utilized by Mr. Tire; and multiple roll up doors in the rear of the property, idea for the business of motorcycle repair. Mr. Tire has excellent 3% annual increases in their triple-net lease and Brown’s recently exercised their only lease extension option early illustrating the strength of the location for both operations. Their repair businesses are recession resistant, and necessity based, making the continued tenancy all but guaranteed, thus creating opportunity for the new owner, with neither tenant having any further option to extend remaining in the leases. This will allow an astute investor to renegotiate with each tenant upon expiration, creating the ability to secure strong long-term leases at that time. The property is poised to generate strong returns going forward and is insulated from market flux due to the service/necessity business’ natures, built in rent increases and inflation protection of new lease negotiation upon expiration.

Exclusively Listed By

Broker of Record

  • Bryn Merrey

    Senior Managing Director Investments

    (202) 536-3700

    License(s): MD: 646476

    Maryland

MM Texture Background
MM Textured Background Lower