NNN Pro Group is pleased to present the exclusive listing for a Mavis located at 280 Cowgill Street in Dover, DE. The site consists of roughly 6,613 rentable square feet of building space on estimated 0.78-acre parcel of land. This Mavis is subject to a 20-year absolute triple-net (NNN) lease, which commences upon close of escrow. The current annual rent is $151,042 and is scheduled to increase by 5% every 5 years throughout the base term and in each of the 6, 5-year renewal options.
About the Investment:
✓ Long Term 20-Year Sale-Leaseback
✓ Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Attractive Rental Increases of Five Percent (5%) Every Five (5) Years
✓ Six (6) Tenant Renewal Periods of Five (5) Years Each
✓ Corporate Guarantee from Mavis Discount Tire | 1,450+ Locations
