Mavis Discount Tire 564 Broadway
6,664 SF Retail Building Saugus, MA 01906 $4,103,501 ($616/SF) 5.25% Cap Rate
![564 Broadway, Saugus, MA for sale - Building Photo - Image 1 of 2](https://images1.loopnet.com/i2/FGSfaoUdMUCCtf92cKiM0K5Krl-DMNyVeSdbh8XE2ig/110/564-Broadway-Saugus-MA-Building-Photo-1-Large.jpg)
![564 Broadway, Saugus, MA for sale - Aerial - Image 2 of 2](https://images1.loopnet.com/i2/YWKrGZRGzlCfghHRkWZ8-wrdgqi8ufK9wdJ_q8xxpwo/110/564-Broadway-Saugus-MA-Aerial-2-Large.jpg)
INVESTMENT HIGHLIGHTS
- Immediately Surrounded by an Abundance of National Retailers
- Located Just One Mile Away from Highly Visited Square One Mall - Owned by Simon Property Group
- One of the Only Three National Automotive Centers Within Four Miles | This Mavis is one of only three national automotive service centers
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Mavis Discount Tire located at 564 Broadway, Saugus, Massachusetts 01906. The site consists of roughly 6664 rentable square feet of building space on an estimated 1.17-acre parcel of land. This Mavis Discount Tire is subject to a 25-year Triple Net (NNN) lease, which commenced 4/16/2015. The current annual rent is $215,434 and has scheduled increases of Cumulative CPI Capped at 12% Every 5 Years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,664 SF
Building Class
B
Year Built
2014
Price
$4,103,501
Price Per SF
$616
Cap Rate
5.25%
NOI
$215,434
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.17 AC
Zoning
Commercial
Parking
56 Spaces (8.4 Spaces per 1,000 SF Leased)
Frontage
56 FT on Broadway
NEARBY MAJOR RETAILERS
![Orangetheory Fitness Orangetheory Fitness](https://images1.loopnet.com/i2/naJx9KdE3g4Fn2fsYhHa6YTpce1mCJ4Jvp2VfZKSXAE/105/image.png)
![Eastern Bank Eastern Bank](https://images1.loopnet.com/i2/TgTbWVlg0U0_oW8ykvLfyKj2MuzIYsLtOTLopCyj3xQ/105/image.jpg)
![Starbucks Starbucks](https://images1.loopnet.com/i2/V11gp9X1QvF-sYuRU43vwjphTt976BD4p9n50Z1aR1w/105/image.png)
![110 Grill 110 Grill](https://images1.loopnet.com/i2/feoocXDmpwLvZiXbaAe0ECLttD2k68Cg2SZjppgTiTU/105/image.jpg)
![Salem Five Salem Five](https://images1.loopnet.com/i2/1OIKb7Z1XREazGA2JISan62GSHFTg7TuGQAxnN8e9JY/105/image.png)
![Muscle Maker Grill Muscle Maker Grill](https://images1.loopnet.com/i2/ZjaGCRz1_FmZuWESa9nkw-Pl3-FluPoRARgOjG41Ryo/105/image.jpg)
![Trader Joe's Trader Joe's](https://images1.loopnet.com/i2/e4ZoIwq8LycFfuo61AI_ccK-8Jil1eSVQhd7UjbL8v4/105/image.png)
![D'Angelo D'Angelo](https://images1.loopnet.com/i2/rgV-Kvl4Ajt0FDHz1uwSnlDzrNi2KPwt-laMdd__fFU/105/image.png)
![The YMCA The YMCA](https://images1.loopnet.com/i2/xg0x3C06ZjybVpU555NVMtlyqNAy_mGqo2LJnL2Y02I/105/image.jpg)
![Rockland Trust Bank Rockland Trust Bank](https://images1.loopnet.com/i2/RwNWU4i1prh4LYv3aT_zUAk8rA27AY5XvdBnYp_48bo/105/image.jpg)
PROPERTY TAXES
Parcel Number | SAUG-000012D-000006-000002 | Improvements Assessment | $1,748,700 |
Land Assessment | $1,022,300 | Total Assessment | $2,771,000 |