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Mavis Discount Tire 525 Kimberton Dr 12,040 SF Retail Building Phoenixville, PA 19460 $2,342,894 ($194.59/SF) 5.50% Cap Rate
Investment Highlights
- Strong Corporate Guarantee
- Long Term Operating History
- Recession Resistant Due to Non Discretionary, Nature of Services
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Mavis Discount Tire located at 525 Kimberton Rd , Phoenixville, PA, 19460. The site consists of roughly 12,040 rentable square feet of building space on an estimated 2-acre parcel of land. This Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease, which commenced 4/15/2021. The current annual rent is $128,859 and has scheduled increases of 5.00% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
12,040 SF
Building Class
B
Year Built
1973
Price
$2,342,894
Price Per SF
$194.59
Cap Rate
5.50%
NOI
$128,859
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.00 AC
Zoning
Commercial - Use designation that indicates a commercial area and allows for retail stores, restaurants, and offices. The size, height, and density are regulated
Parking
90 Spaces (7.48 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Accent Lighting
Nearby Major Retailers
Property Taxes
| Parcel Number | 26-003-0145.0000 | Improvements Assessment | $620,140 |
| Land Assessment | $200,380 | Total Assessment | $820,520 |
Property Taxes
Parcel Number
26-003-0145.0000
Land Assessment
$200,380
Improvements Assessment
$620,140
Total Assessment
$820,520
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Mavis Discount Tire | 525 Kimberton Dr
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