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Net Lease

Mr. Tire - PA Portfolio

87 W Chestnut St, Washington, PA 15301

Listing Price: $2,600,000

Cap Rate
6.87%
Lot Size
1.46 acres
Year Built
1917
Rentable SF
30,435

Investment Overview

Long-term 3-unit Mr. Tire portfolio in Pittsburgh MSA with 6 years remaining on the initial term of the lease. The lease has 5% increases every five-year period including the option period. Upcoming Rent Increase in 2022. Monro, Inc Acquired Operating Tire Business in 2017. 30 + Years of Historical Occupancy.

Investment Highlights

  • Corporate Lease with Monro, Inc. | The Largest Retail Tire Dealership in North America
  • Attractive 5% Increases Every Five Years | Upcoming Rent Increase in 2022
  • Monro, Inc Acquired Operating Tire Business in 2017 | 30 + Years of Historical Occupancy
  • Located in the Pittsburgh MSA | 27th Most Populous Metropolitan Area in the United States

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Net Lease

Mr. Tire - PA Portfolio

Listing Price: $2,600,000

Cap Rate
6.87%
Lot Size
1.46 acres
Year Built
1917
Rentable SF
30,435

Investment Highlights

  • Corporate Lease with Monro, Inc. | The Largest Retail Tire Dealership in North America
  • Attractive 5% Increases Every Five Years | Upcoming Rent Increase in 2022
  • Monro, Inc Acquired Operating Tire Business in 2017 | 30 + Years of Historical Occupancy
  • Located in the Pittsburgh MSA | 27th Most Populous Metropolitan Area in the United States

Investment Overview

Long-term 3-unit Mr. Tire portfolio in Pittsburgh MSA with 6 years remaining on the initial term of the lease. The lease has 5% increases every five-year period including the option period. Upcoming Rent Increase in 2022. Monro, Inc Acquired Operating Tire Business in 2017. 30 + Years of Historical Occupancy.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

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