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Mavis Discount Tire 275 Broadway

13,320 SF 100% Leased Retail Building Keyport, NJ 07735 $2,342,857 ($176/SF) 5.25% Cap Rate

Retail Space New Jersey Keyport 275 Broadway, Keyport, NJ 07735

Investment Highlights

  • Long Term 20-Year Lease Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of One-and-a-Half Percent (1.50%) Annually After Year Seven (7)
  • Approximately 18 Years Remaining

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Mavis Discount Tire located at 275 Broadway in Keyport, New Jersey. The site consists of roughly 12,676 rentable square feet of building space on estimated 0.32-acre parcel of land. This Mavis Discount Tire is subject to a 20-year absolute triple-net (NNN) lease, which commenced June 17th, 2021. The current annual rent is $123,000 and is scheduled to increase by 1.50% annually starting year 7 and in each of the 6, 5-year renewal options.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
13,320 SF
Building Class
B
Year Built
1991
Price
$2,342,857
Price Per SF
$176
Cap Rate
5.25%
NOI
$123,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.96
Land Acres
0.32 AC
Zoning
HC
Frontage
198 FT on Route 35
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275 Broadway, Keyport, NJ - aerial map view

PROPERTY TAXES

Parcel Number 24-00001-02-00049 Improvements Assessment $495,500
Land Assessment $1,355,800 Total Assessment $1,851,300

PROPERTY TAXES

Parcel Number
24-00001-02-00049
Land Assessment
$1,355,800
Improvements Assessment
$495,500
Total Assessment
$1,851,300
(332) 345-4222

  • Listing ID: 28814196

  • Date on Market: 6/21/2023

  • Last Updated:

  • Address: 275 Broadway, Keyport, NJ 07735

More public record information on 275 Broadway, Keyport, NJ 07735

The Retail Property at 275 Broadway, Keyport, NJ 07735 is currently available For Sale. Contact NNN Pro Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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275 Broadway, Keyport, NJ for sale Building Photo- Image 1 of 3
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Mavis Discount Tire | 275 Broadway
(332) 345-4222 x

Mavis Discount Tire | 275 Broadway

1/2

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Kyle Karsian

(332) 345-4271

(332) 345-4271

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