Mavis Discount Tire 564 Broadway

6,664 SF Retail Building Saugus, MA 01906 $4,103,501 ($616/SF) 5.25% Cap Rate

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
Eastern Bank
Starbucks
110 Grill
Salem Five
Muscle Maker Grill
Trader Joe's
D'Angelo
The YMCA
Rockland Trust Bank

PROPERTY TAXES

  • Listing ID: 34569076

  • Date on Market: 1/22/2025

  • Last Updated:

  • Address: 564 Broadway, Saugus, MA 01906