Mavis Discount Tire

Brodheadsville, Pennsylvania

NNN Pro Group is pleased to present the exclusive listing for a Mavis located at 1949 Route 209 in Effort, PA. The site consists of roughly 8,192 rentable square feet of building space on estimated 0.84-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 $164,063 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

Key Details

Price:: $2,524,038
Cap Rate:: 6.50%
Annual Rent:: $164,063
Address:: 1949 Route 209, Brodheadsville, Pennsylvania 18330
Property Type:: Auto Service
Lease Type:: Triple Net (NNN)

Original Lease Term:: 20 Years
Lease Commencement:: Upon Close of Escrow
Lease Expiration:: 20 Years from Close of Escrow
Lease Term Remaining:: 20 Years
Rental Increases:: 5% Every 5 Years
Lot Size:: 0.84 Acres
Building Size:: 0 SF
Tenant:: Mavis Discount Tire

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Matthew Anuszkiewicz

manuszkiewicz@nnnpro.com

License: 10401294046

Robert Stein

rstein@nnnpro.com

License: 10401341647

Andrew Darby

adarby@nnnpro.com

Broker of record

Brian Brockman

Bang Realty-Pennsylvania, Inc

License: RM432816

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