1239 US Route 302
Barre, VT 05641
Town Fair Tire · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- At closing the tenant will execute a brand new 20-year absolute triple-net lease. The lease will have no landlord responsibilities.
- Recession Resistant Due to Non Discretionary Nature of Services
- The lease will be subject to a strong corporate guarantee from Mavis Tire Express Services TopCo Corp
- The lease will feature scheduled increases of 5.00% every 5 years, hedging against inflation.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
6,854 SF
Building Class
C
Year Built
1999
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.84 AC
Zoning
Commercial
Parking
31 Spaces (4.52 Spaces per 1,000 SF Leased)
Frontage
182’ on US Route 302
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 060-018-11496 | Improvements Assessment | $577,900 |
| Land Assessment | $337,500 | Total Assessment | $915,400 |
