Mavis Discount Tire
12,676 SF | 100% Leased | Retail Building | Keyport, NJ 07735 | $2,342,857 ($185/SF) | 5.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,342,857
- Property Type
-
Retail
- Square Feet
- 12,676 SF
- Price / Square Foot
- $185
Listing Contacts
Glen Kunofsky
Verified Profile
Kyle Karsian
Verified Profile
- Property Info
Property Overview
NNN Pro Group is pleased to present the exclusive listing for a Mavis Discount Tire located at 275 Broadway in Keyport, New Jersey. The site consists of roughly 12,676 rentable square feet of building space on estimated 0.32-acre parcel of land. This Mavis Discount Tire is subject to a 20-year absolute triple-net (NNN) lease, which commenced June 17th, 2021. The current annual rent is $123,000 and is scheduled to increase by 1.50% annually starting year 7 and in each of the 6, 5-year renewal options.
Property Details
- Class
- B
- Year Built
- 1991
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 13,939 SF
Highlights
- Long Term 20-Year Lease Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Approximately 18 Years Remaining
- Attractive Rental Increases of One-and-a-Half Percent (1.50%) Annually After Year Seven (7)
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].