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Mavis Discount Tire 15100 Kutztown Rd 6,797 SF 100% Leased Retail Building Kutztown, PA 19530 $4,153,151 CAD ($611.03 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term 20-Year NNN Sale-Leaseback
- Recession Resistent Due to Non Discretionary Nature of Services
- Strong Corporate Guarantee
- Attractive Rent Increases and Renewal Options
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Mavis Discount Tire located at 15100 Kutztown Rd, Kutztown, PA, 19530. The site consists of roughly 6,797 rentable square feet of building space on an estimated 1.34-acre parcel of land. This Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $178,512 and has scheduled increases of 5.00% Every 5 Years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,797 SF
Building Class
B
Year Built
2023
Price
$4,153,151 CAD
Price Per SF
$611.03 CAD
Cap Rate
6%
NOI
$249,188 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.33 AC
Frontage
296’ on Kutztown Road
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 63-5443-14-42-5626 | Improvements Assessment | $773,445 CAD |
| Land Assessment | $164,560 CAD | Total Assessment | $938,005 CAD |
PROPERTY TAXES
Parcel Number
63-5443-14-42-5626
Land Assessment
$164,560 CAD
Improvements Assessment
$773,445 CAD
Total Assessment
$938,005 CAD
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Mavis Discount Tire | 15100 Kutztown Rd
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