Skip to Content

Mavis Discount Tire

Whitehall, Pennsylvania

Map View

Street View

The subject property is a newly constructed Mavis Discount Tire located at 2350 MacArthur Road, Whitehall, Pennsylvania. The property is situated on about 0.59 acres of land.

Investment Overview

The subject property is a newly constructed Mavis Discount Tire located at 2350 MacArthur Road, Whitehall, Pennsylvania. The property is situated on about 0.59 acres of land. The property is subject to a brand new 15-year double-net (NN) lease with rent commencing in 2018. The base rent is 170,000, with an 8.00% rental increasing in year 11, continuing every 5 years thereafter into the two, 5-year option periods, and the additional 4 year, 11 month option. Mavis Discount Tire, based in Millwood, New York is one of the largest independent tire and service providers in the United States, with more than 430 service centers across seven states, including New York, New Jersey, Pennsylvania, Connecticut, Massachusetts, Georgia and Florida. In addition to its core offering of tires from over 20 major brands, Mavis offers a menu of repair and maintenance services including brakes, alignments, suspension, shocks, and exhaust. Mavis, which was founded in 1972 by Marion and Victor Sorbaro and has roots dating back to 1949, has a strong reputation for delivering best-in-class customer service and quality.

Location Overview

The subject property, Marvis Tire is located at 2350 MacArthur Road in Whitehall, Pennsylvania. Whitehall Township is a first class township with home rule status in Lehigh County, Pennsylvania, in the United States. Whitehall is also a suburb of Allentown, Pennsylvania, in the Lehigh Valley region of the state. The subject property, situated directly off of Lehigh Valley Thruway – Route 22 and is adjacent to numerous shopping malls, retail outlets, quick service restaurants and hospitality accommodations. Other national tenants in the immediate area consists of Walmart, Rite Aid, Lowe’s, Best Buy, Home Depot, TJ-Maxx, Dick’s Sporting Goods, Aaron’s and several Big Box Retailers. In addition, the property is a quarter mile from the Lehigh Valley Mall, the largest Lehigh Valley-based shopping mall. The Whitehall Mall is also less than a mile from the subject property. Furthermore, the Whitehall-Coply School District, which hosts the Whitehall High School and Whitehall Middle School, is located one mile northwest of the subject property and has nearly 2,000 students enrolled combined. The subject property also benefits from its close proximity to the Lehigh Valley Hospital. Lehigh Valley Hospital, a 981-bed, general medical and surgical facility, is located within a five-mile radius. Lehigh Valley International Airport, a public airport in Hanover Township within the Lehigh County, is located less than four miles from the subject property. This subject property is situated off of MacArthur Road, which is the primary corridor connecting major shopping malls and retail outlets, and experiences average daily traffic count of 39,000 vehicles. The Lehigh Valley Thruway, also known as Route 22, intersects MacArthur Road and brings an additional 96,000 vehicles into the immediate surrounding area per day. In addition, there are approximately 109,318 people within a three-mile radius and 218,747 people within a five-mile radius. Allentown is the third largest city in Pennsylvania and is the fastest growing city in the state. Located on the Lehigh River, Allentown is only 50 miles from Philadelphia, the fifth most populous city in the U.S., 90 miles east of Harrisburg, the state capital, and 90 miles west of New York City, the nation’s largest city. Allentown’s economy has historically been manufacturing-based but over the years has evolved. The city serves as the location of corporate headquarters for several large, global companies, including Air Products & Chemicals, PPL, and others. The city’s largest employer is the Lehigh Valley Hospital Network with nearly 8,000 employees.     Broker of Record: Mark Tayor - License # RM423708

Key Details

Price:
$2,999,500
Cap Rate:
5.67%
Annual Rent:
$170,000
Address:
2350 MacArthur Road, Whitehall, Pennsylvania 18052 United States
Lease Type:
Double-Net (NN)

Lease Term Remaining:
15 Years
Rental Increases:
8.00% In Year 11, and Every 5 Years Thereafter
Lot Size:
0.59 Acres
Tenant:
Mavis Discount Tire

Similar Properties

Dollar General

24 Main Avenue, Whitehall, Pennsylvania, 18428

Popeyes

1601 Sampson Street, Whitehall, Pennsylvania, 70669

Red Lobster

3301 S College Ave, Whitehall, Pennsylvania, 80525

Pizza Hut

1533 US Highway 49, Whitehall, Pennsylvania, 39111