134 Water St - Auto Repair FOR SALE


Newton, NJ 07860
$3,710,177 USD
332-345-4222
134 Water St, Newton, NJ for Sale
$3,710,177 USD
Auto Repair - FOR SALE
1/2
null | 5.65% Cap Rate

134 Water St
Newton, NJ 07860


HIGHLIGHTS

  • Long-Term Triple Net (NNN) Lease
  • Strong Corporate Guarantee
  • Recession Resistant Due to Non Discretionary Nature of Services

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,710,177 USD

PRICE/SF

$325 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Discount Tire

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

C-3

APN/PARCEL ID

15-00003-03-00002

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.