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Midas

158 E Main Rd, Middletown, RI 02842

Listing Price: $1,565,000

Cap Rate
5.75%
Tenant Name
Midas
Gross SF
4,085
Guarantor
Franchisee Guarantee
Rentable SF
4,085
Price/Gross SF
$383.11
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.03

Investment Overview

The subject property is a Midas in Middletown, RI. This sale leaseback includes a new 10-year NNN lease with six five-year options and 10% increases in rent every five years.

Investment Highlights

  • 10-Year NNN Sale Leaseback
  • Six Five-Year Options
  • 10% Increases Every Five Years

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    (718) 475-4360

    License(s) RI: REC.0018863

    Rhode Island

Listing Price: $1,565,000

Cap Rate
5.75%
Tenant Name
Midas
Gross SF
4,085
Guarantor
Franchisee Guarantee
Rentable SF
4,085
Price/Gross SF
$383.11
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.03

Investment Highlights

  • 10-Year NNN Sale Leaseback
  • Six Five-Year Options
  • 10% Increases Every Five Years

Investment Overview

The subject property is a Midas in Middletown, RI. This sale leaseback includes a new 10-year NNN lease with six five-year options and 10% increases in rent every five years.

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    (718) 475-4360

    License(s): RI: REC.0018863

    Rhode Island

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