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Town Fair Tire

Barre, Vermont

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NNN Pro Group is pleased to present the exclusive listing for a Town Fair Tire located at 1239 US-302 in Barre, VT. The site consists of roughly 6,854 rentable square feet of building space on estimated 0.84-acre parcel of land. This Town Fair is subject to a 20-year absolute triple-net (NNN) lease, which commences upon close of escrow. The current annual rent is $165,750 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 | 2,000+ Locations

Key Details

Price:
$2,550,000
Cap Rate:
6.50%
Annual Rent:
$165,750
Address:
1239 US-302, Barre, Vermont 05641
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:
6,854 SF
Year Built:
1999
Tenant:
Town Fair Tire

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Matthew Anuszkiewicz

License: 10401294046

Robert Stein

License: 10401341647

Broker of record

Brian Brockman

Bang Realty-New England, Inc

License: 81.0134052


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