This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Monro Muffler Brake & Service 111 Luther Rd
4,960 SF Retail Building Johnstown, PA 15904 £500,768 (£101/SF) 6.25% Net Initial Yield
Investment Highlights
- Monro operated through their original lease and option periods and just signed a brand new 10-year lease at this location
- The lease calls for a 10% rental increase in year 5 and a 30% rental increase in the option period
- The site is also .5 miles from Route 219 (30,536 VPD).
- Monro has been at this location for 35 years and has demonstrated their commitment to this successful store through another long-term lease
- Low rent of only $40,000 presents as an attractive investment opportunity
Property Facts
Amenities
- Pylon Sign
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Service type
- 4,960 SF
- £100.96
- NNN
- Sep 2034
They offer complete care for a car, truck, SUV or van, including scheduled maintenance, repairs and, of course, tires. Their teammates are some of the most knowledgeable and helpful professionals in the industry. They have one mission: to help maintain each vehicle as if it were their own. They carry all major tire brands and their 30-day ride and price guarantee ensures that customers completely satisfied with their tires. As one of the nation’s largest independent tire dealers, they are experts at fitting and installing the right tires for any customer. As part of the Monro, Inc. family of brands, there are over 1,250 stores conveniently located across the United States.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Service type | 4,960 SF | £100.96 | NNN | Sep 2034 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £20,865 | |
| Land Assessment | £6,903 | Total Assessment | £27,768 |
PROPERTY TAXES
-
Matthew Gorman -
Thomas Finnegan -
CBRE, Inc.
Presented by
Monro Muffler Brake & Service | 111 Luther Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.