10 School St
Seekonk, MA 02771
Mavis Tire - Seekonk, MA · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- • Single-Tenant Net Lease Tire Shop Portfolio - Located in the Providence Rhode Island MSA
- • Tenant Recently Signed a 10-Year Lease - 10% Increases Every Five Years | (3) Five-Year Options
- • Mavis Acquired the Former Operator in July 2022 - Formerly Melvin’s Tire Pros & Auto Service Centers
- • Leased to Mavis Discount Tire - Mavis is the Largest Tire Dealer in the U.S.
- • Minimal Landlord Responsibilities - Double Net Plus Lease (Roof & Structure on Landlord)
- • Historical Occupancy | Market Dominance - Melvin’s has been in business for 40+ Years
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,780 SF
Building Class
C
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.76 AC
Zoning
Commercial
Parking
25 Spaces (3.69 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | SEEK-000020-000000-001120 | Improvements Assessment | $682,300 |
| Land Assessment | $368,000 | Total Assessment | $1,050,300 |
