Mavis Discount Tire | 134 Water St
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Mavis Discount Tire 134 Water St
11,412 SF Retail Building Newton, NJ 07860 $5,333,751 CAD ($467 CAD/SF) 5.65% Cap Rate
Investment Highlights
- Long-Term Triple Net (NNN) Lease
- Recession Resistant Due to Non Discretionary Nature of Services
- Strong Corporate Guarantee
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Mavis Discount Tire located at 134 Water St, Newton, NJ, 07860. The site consists of roughly 11,412 rentable square feet of building space on an estimated 1.43-acre parcel of land. This Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease, which commenced 12/1/2020. The current annual rent is $209,625 and has scheduled increases of 7.50% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
11,412 SF
Building Class
C
Year Built
1965
Price
$5,333,751 CAD
Price Per SF
$467 CAD
Cap Rate
5.65%
NOI
$301,357 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.43 AC
Zoning
C-3 - multi-tenant commerical
Parking
33 Spaces
Frontage
219 ft on Hampton House Road
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 15-00003-03-00002 | Improvements Assessment | $2,492,672 CAD |
| Land Assessment | $627,729 CAD | Total Assessment | $3,120,400 CAD |
PROPERTY TAXES
Parcel Number
15-00003-03-00002
Land Assessment
$627,729 CAD
Improvements Assessment
$2,492,672 CAD
Total Assessment
$3,120,400 CAD
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Mavis Discount Tire | 134 Water St
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