• Broker Glen Kunofsky 3323454222
  • Broker Alexandre Marietto 3323454185
  • Broker Kyle Karsian 3323454271

Mavis Discount Tire 134 Water St 11,412 SF Retail Building Newton, NJ 07860 $3,710,177 ($325.11/SF) 5.65% Cap Rate

View Photo

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
$3,710,177
Price Per SF
$325.11
Cap Rate
5.65%
NOI
$209,625
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.43 AC
Zoning
C-3 - multi-tenant commerical
Parking
33 Spaces
Frontage
219’ on Hampton House Road

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Hampton House Road Water St, SW 19,894 2022 0.05 mi
Water Street S PkDr, SW 21,499 2019 0.16 mi
Water St S PkDr, SW 21,616 2022 0.23 mi
Water Street - 20,354 2022 0.31 mi
Mill St N Park Dr, NE 9,251 2020 0.39 mi
Mill St N PkDr, NE 11,265 2022 0.39 mi
Mill Street N PkDr, NE 9,268 2022 0.39 mi
Clinton St Emmons Ave, SE 1,255 2022 0.43 mi
Water Street Clinton St, NE 22,649 2022 0.45 mi
Newton Swartswood Rd Statehill Rd, E 7,565 2022 0.56 mi

NEARBY MAJOR RETAILERS

PNC Bank
Weis Markets
Starbucks
ShopRite
Applebee's
Lakeland Bank
Friendly's Ice Cream Shop
U.S. Bank

PROPERTY TAXES

Parcel Number 15-00003-03-00002 Improvements Assessment $1,735,300
Land Assessment $437,000 Total Assessment $2,172,300

MAP

ADDITIONAL PHOTOS

View Photo Mavis Discount Tire - 134 Water St, Newton, NJ Aerial

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