Mavis Discount Tire | 134 Water St
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!
Mavis Discount Tire 134 Water St
11,412 SF Retail Building Newton, NJ 07860 £2,973,707 (£261/SF) 5.65% Net Initial Yield
Investment Highlights
- Long-Term Triple Net (NNN) Lease
- Recession Resistant Due to Non Discretionary Nature of Services
- Strong Corporate Guarantee
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
11,412 SF
Building Class
C
Year Built
1965
Price
£2,973,707
Price Per SF
£261
Net Initial Yield
5.65%
NOI
£168,014
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Lot Size
1.43 AC
Zoning
C-3 - multi-tenant commerical
Parking
33 Spaces
Frontage
219 ft on Hampton House Road
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 15-00003-03-00002 | Improvements Assessment | £1,390,843 |
| Land Assessment | £350,256 | Total Assessment | £1,741,098 |
PROPERTY TAXES
Parcel Number
15-00003-03-00002
Land Assessment
£350,256
Improvements Assessment
£1,390,843
Total Assessment
£1,741,098
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Mavis Discount Tire | 134 Water St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.