Monro Muffler Brake & Service 111 Luther Rd

4,960 SF Retail Building Johnstown, PA 15904 $640,000 ($129/SF) 6.25% Cap Rate

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

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,960 SF
Building Class
C
Year Built
1989
Price
$640,000
Price Per SF
$129
Cap Rate
6.25%
NOI
$40,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.48 AC
Frontage
89 FT on Luther Rd

Amenities

  • Pylon Sign
  • Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Services
  • 4,960 SF
  • $129.03
  • Triple Net
  • 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
Services 4,960 SF $129.03 Triple Net Sep 2034

Nearby Major Retailers

IGA
Quaker Steak & Lube
CrossFit
Giant Eagle
Hoss's Steak & Sea House
Northwest Bank
Denny's
Chili's Grill & Bar
Five Guys
Starbucks

PROPERTY TAXES

  • Listing ID: 34148802

  • Date on Market: 12/10/2024

  • Last Updated:

  • Address: 111 Luther Rd, Johnstown, PA 15904