10 Silver St - Service FOR SALE
Greenfield, MA 01301 |
$3,040,000 USD
332-345-4222
10 Silver St
Greenfield, MA 01301
HIGHLIGHTS
- At closing the tenant will execute a brand new 20-year absolute triple-net lease. The lease will have no landlord responsibilities.
- The lease will be subject to a strong corporate guarantee from Mavis Tire Express Services
- The tire services business is highly recession-resistant, during COVID-19, tire shops and maintenance centers experienced a 44% increase in revenues o
- Attractive Rent Increases | The lease will feature scheduled increases of 5.00% every 5 years, hedging against inflation.
OVERVIEW
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.
FOR SALE DETAILS
PRICE
$3,040,000 USD
PRICE/SF
$155 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Town Fair Tire
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Service
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1953
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
12
PARKING SPACES
5
LAND DETAILS
LAND ACRES
0.59
LAND SF
25,700
ZONING
GC
APN/PARCEL ID
GREE-000107-000044
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332-345-4222
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332-345-4222
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