24-38 W Germantown Pike - Auto Repair FOR SALE


Norristown, PA 19401
$2,125,568 USD
332-345-4222
24-38 W Germantown Pike, Norristown, PA for Sale
$2,125,568 USD
Auto Repair - FOR SALE
1/2
null | 5.5% Cap Rate

24-38 W Germantown Pike
Norristown, PA 19401


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 24 W Germantown Pike, East Norriton, PA, 19401. The site consists of roughly 11,706 rentable square feet of building space on an estimated 2.22-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 $116,906 and has scheduled increases of 7.50% every 5 years.

FOR SALE DETAILS

PRICE

$2,125,568 USD

PRICE/SF

$168 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Discount Tire

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

2.22 AC

LAND SF

96,703 SF

ZONING

C

APN/PARCEL ID

33-03046008

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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