Property Details
Price :
Square Feet :
Cap Rate :
$3,710,000
10,000
5.65%
NOI :
Acres :
$209,625
0.82
Property Type :
Property Status :
Net Lease
Under Agreement
Investment Highlights
TENANT(S)
- Mavis Discount Tire – One of the largest independent multi-brand tire dealers in the United States with 2,100+ locations nationwide
- Long-term operating history at the site, with tire service operations at this location for 60+ years
- National operator with significant scale and brand recognition within the automotive service sector
LEASE(S)
- Absolute NNN lease with approximately 14.5 years remaining
- Corporate guaranteed lease from Mavis Discount Tire, backed by a national operator with 2,100+ locations
- 7.5% rental increases every five (5) years throughout the lease term
- Zero landlord responsibilities under the absolute NNN structure
- Bonus depreciation potential (consult your CPA for details)
LOCATION/ MARKET
- Positioned along Westfield Avenue West in Roselle Park, a well-established retail corridor with nearby national retailers including Dunkin', Wendy's, Wingstop, and McDonald’s
- Prime corner location at the intersection of Westfield Ave W and Locust Street
- Strong visibility with approximately 44,000 vehicles per day passing the property
- Daytime population of approximately 210,000 people within a 3-mile radius, supporting strong daily traffic and consumer demand
Street View
Listing Contacts
