564 Broadway - Auto Repair FOR SALE


Saugus, MA 01906
$4,103,501 USD
617-865-1145
564 Broadway, Saugus, MA for Sale
$4,103,501 USD
Auto Repair - FOR SALE
1/2
null | 5.25% Cap Rate

564 Broadway
Saugus, MA 01906


HIGHLIGHTS

  • Immediately Surrounded by an Abundance of National Retailers
  • One of the Only Three National Automotive Centers Within Four Miles | This Mavis is one of only three national automotive service centers
  • Located Just One Mile Away from Highly Visited Square One Mall - Owned by Simon Property Group

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Mavis Discount Tire located at 564 Broadway, Saugus, Massachusetts 01906. The site consists of roughly 6664 rentable square feet of building space on an estimated 1.17-acre parcel of land. This Mavis Discount Tire is subject to a 25-year Triple Net (NNN) lease, which commenced 4/16/2015. The current annual rent is $215,434 and has scheduled increases of Cumulative CPI Capped at 12% Every 5 Years.

FOR SALE DETAILS

PRICE

$4,103,501 USD

PRICE/SF

$616 USD /SF

CAP RATE

5.25%

% 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

2014

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

Commercial

APN/PARCEL ID

SAUG-000012D-000006-000002

ASK ABOUT THIS PROPERTY

Josh KanterNNN Pro GroupMore Info
617-865-1145

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

Josh KanterNNN Pro GroupMore Info
617-865-1145

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