Town Fair Tire | 10 Silver St
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Town Fair Tire 10 Silver St
19,650 SF Industrial Building Greenfield, MA 01301 $4,275,456 CAD ($218 CAD/SF) 6.25% Cap Rate
Investment Highlights
- At closing the tenant will execute a brand new 20-year absolute triple-net lease. The lease will have no landlord responsibilities.
- The tire services business is highly recession-resistant, during COVID-19, tire shops and maintenance centers experienced a 44% increase in revenues o
- The lease will be subject to a strong corporate guarantee from Mavis Tire Express Services
- Attractive Rent Increases | The lease will feature scheduled increases of 5.00% every 5 years, hedging against inflation.
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Town Fair
Tire located at 10 Silver St, Greenfield, MA 01301. The site consists
of roughly 19,650 rentable square feet of building space on an
estimated 0.59-acre parcel of land. This Town Fair Tire is subject
to a 20-year Triple Net (NNN) lease which will commence upon
close of escrow. The annual rent will be $190,000 and has
scheduled increases of 5.00% Every 5 Years.
Tire located at 10 Silver St, Greenfield, MA 01301. The site consists
of roughly 19,650 rentable square feet of building space on an
estimated 0.59-acre parcel of land. This Town Fair Tire is subject
to a 20-year Triple Net (NNN) lease which will commence upon
close of escrow. The annual rent will be $190,000 and has
scheduled increases of 5.00% Every 5 Years.
Property Facts
| Price | $4,275,456 CAD | Lot Size | 0.59 AC |
| Price Per SF | $218 CAD | Rentable Building Area | 19,650 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 6.25% | Year Built | 1953 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Service | Parking Ratio | 0.25/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 12 |
| Price | $4,275,456 CAD |
| Price Per SF | $218 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 6.25% |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.59 AC |
| Rentable Building Area | 19,650 SF |
| No. Stories | 1 |
| Year Built | 1953 |
| Tenancy | Single |
| Parking Ratio | 0.25/1,000 SF |
| No. Drive In / Grade-Level Doors | 12 |
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PROPERTY TAXES
| Parcel Number | GREE-000107-000044 | Improvements Assessment | $902,832 CAD |
| Land Assessment | $150,075 CAD | Total Assessment | $1,052,907 CAD |
PROPERTY TAXES
Parcel Number
GREE-000107-000044
Land Assessment
$150,075 CAD
Improvements Assessment
$902,832 CAD
Total Assessment
$1,052,907 CAD
zoning
| Zoning Code | GC |
| GC |
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Power Broker Glen Kunofsky -
Matthew Anuszkiewicz -
Robert Stein -
Davis Ford -
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Town Fair Tire | 10 Silver St
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