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Mavis Discount Tire 24-38 W Germantown Pike

12,650 SF 100% Leased Retail Building Norristown, PA 19401 $2,125,568 ($168/SF) 5.50% Cap Rate

Retail Space Pennsylvania Norristown 24-38 W Germantown Pike, Norristown, PA 19401

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 24 W Germantown Pike, East Norriton, PA, 19401. The site consists of roughly 11,706 rentable square feet of building space on an estimated 2.22-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 $116,906 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
12,650 SF
Building Class
C
Year Built
2000
Price
$2,125,568
Price Per SF
$168
Cap Rate
5.50%
NOI
$116,906
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
2.22 AC
Zoning
C
Parking
70 Spaces (2.92 Spaces per 1,000 SF Leased)
Frontage
183 FT on Germantown Pike

Amenities

  • Pylon Sign
  • Signalized Intersection
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24-38 W Germantown Pike, Norristown, PA - aerial map view
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Starbucks
Citizens Bank
Weis Markets
Applebee's
PNC Bank
Saladworks
Bank of America
Boston Market
ACME
Cross Fit Montco

PROPERTY TAXES

Parcel Number 33-00-03046-008 Improvements Assessment $0
Land Assessment $0 Total Assessment $951,000

PROPERTY TAXES

Parcel Number
33-00-03046-008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$951,000
(332) 345-4222

Contacts

  • Listing ID: 34398584

  • Date on Market: 1/7/2025

  • Last Updated:

  • Address: 24-38 W Germantown Pike, Norristown, PA 19401

More public record information on 24-38 W Germantown Pike, Norristown, PA 19401

The Retail Property at 24-38 W Germantown Pike, Norristown, PA 19401 is currently available for sale. Contact NNN Pro Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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24-38 W Germantown Pike, Norristown, PA for sale Building Photo- Image 1 of 3
Mavis Discount Tire - 24 West Germantown Pike, East Norriton, PA Main
24-38 W Germantown Pike, Norristown, PA for sale Aerial- Image 2 of 3
Mavis Discount Tire - 24 West Germantown Pike, East Norriton, PA Aerial

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Mavis Discount Tire | 24-38 W Germantown Pike
(332) 345-4222 x

Mavis Discount Tire | 24-38 W Germantown Pike

1/3

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Alexandre Marietto

(332) 345-4185

(332) 345-4185

Kyle Karsian

(332) 345-4271

(332) 345-4271

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