275 Broadway - Auto Repair FOR SALE


Keyport, NJ 07735
$2,342,857 USD
332-345-4222
275 Broadway, Keyport, NJ for Sale
$2,342,857 USD
Auto Repair - FOR SALE
1/2
null | 5.25% Cap Rate

275 Broadway
Keyport, NJ 07735


HIGHLIGHTS

  • Long Term 20-Year Lease Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Approximately 18 Years Remaining
  • Attractive Rental Increases of One-and-a-Half Percent (1.50%) Annually After Year Seven (7)

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Mavis Discount Tire located at 275 Broadway in Keyport, New Jersey. The site consists of roughly 12,676 rentable square feet of building space on estimated 0.32-acre parcel of land. This Mavis Discount Tire is subject to a 20-year absolute triple-net (NNN) lease, which commenced June 17th, 2021. The current annual rent is $123,000 and is scheduled to increase by 1.50% annually starting year 7 and in each of the 6, 5-year renewal options.

FOR SALE DETAILS

PRICE

$2,342,857 USD

PRICE/SF

$176 USD /SF

CAP RATE

5.25%

% 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

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

HC

APN/PARCEL ID

24-00001-02-00049

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.