Property Details
Price :
Square Feet :
Cap Rate :
$3,646,000
11,412
5.75%
NOI :
Acres :
$209,625
1.43
Property Type :
Property Status :
Net Lease
Under Agreement
Investment Highlights
TENANT(S)
- Mavis Discount Tire – 2,100+ Locations Nationally
- Mavis has been in Business at this Location for 30+ Years
- Incredible Placer.AI Rankings
- Top 13% Nationally, Top 10% in NJ, #1 – 15 Mile Radius
- Mavis is One of the Largest Independent Multi-Brand Tire Dealers in the USA
LEASE(S)
- 14.5 Years Remaining on Absolute NNN Lease
- Corporate guarantee – 2,100+ Locations
- 7.5% Rental Increases Every 5 Years
- Zero Landlord Responsibilities
- Bonus Depreciation Possible – Contact your CPA for Details
LOCATION/ MARKET
- Top Retail Corridor in all of Sussex County with Numerous Anchor Tenants Nearby Including Walmart, ShopRite, Home Depot, Kohl's, Lowe's, Harbor Freight, HomeGoods, Marshalls, Starbucks, Chipotle, Dunkin', Walgreens, Dollar Tree, Wawa, AutoZone, Wells Fargo, & Weis
- Located at the Signalized Intersection of Route 206 and N. Park Place with nearly 23,000 vehicles per day
Street View
Listing Contacts
