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Mr. Tire 21730 Great Mills Rd 2,440 SF Retail Building Lexington Park, MD 20653 $2,223,082 CAD ($911.10 CAD/SF) 6.75% Cap Rate

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Investment Highlights

Attractive Rent Increases
Minimal Landlord Responsibilities
Naval Air Station Patuxent River

Corporate Guaranty
Strategic Location
Strong Demographics

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase an investment property leased to Mr. Tire located at 21730 Great Mills Road in Lexington Park, Maryland (the “Property”). The Property consists of a 2,440 square foot building on a 0.34-acre parcel. Mr. Tire has 6+ years remaining on their lease with two (2), 10-year renewal options. The lease features a corporate guarantee from Monro Inc. and calls for an attractive 8% rent increase in 2028, as well as annual CPI increases in the option periods. Mr. Tire is well located at the signalized intersection of Great Mills Road and Shangri-La Drive. The corner parcel offers excellent visibility, with prominent signage and access from both Great Mills Road and Shangri-La Drive. The Property is directly across the street from a Big Lots-Anchored retail center and is down the street from the intersection of Great Mills Road and Three Notch Road, the primary commercial thoroughfare in Lexington Park. Mr. Tire is part of the larger trade area surrounding the entrance to the Patuxent River Naval Air Station.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Auto Repair

Building Size

2,440 SF

Building Class

Year Built

2004

Price

$2,223,082 CAD

Price Per SF

$911.10 CAD

Cap Rate

6.75%

NOI

$150,058 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.16

Lot Size

0.34 AC

Zoning

DMX - It is a mixed-use district that allows for a variety of uses, including residential, commercial, and office.

Signage

Major Tenants

Services
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Monro began in 1957 as a muffler shop in Rochester, New York, and later expanded from exhaust work into a broader automotive service business. The company now offers maintenance, repair, brake service, oil changes, tire installation, replacement parts, and related vehicle care through a family of regional brands across the United States. Monro's business focuses on helping drivers keep vehicles on the road with name-brand tires and a wide range of auto service and repair offerings.