291 E Hanover Ave
Morristown, NJ 07960
Mavis Discount Tire · Retail Property For Sale
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
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,292 SF
Building Class
B
Year Built
1986
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.81 AC
Zoning
I-21
Frontage
133’ on E Hanover Ave
PROPERTY TAXES
| Parcel Number | 22-10201-0000-00007 | Improvements Assessment | $687,000 |
| Land Assessment | $405,000 | Total Assessment | $1,092,000 |
