564 Broadway | Saugus, MA 01906
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564 Broadway
Saugus, MA 01906
Mavis Tire -Boston MSA, 115,000 VPD Traffic · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporately Owned and Operated Mavis Discount Tire
- Absolute Triple Net Lease with Zero Landlord Responsibilities
- Five, 5 Year Tenant Renewal Options
- Extremely Strong Lease Guarantee by TBC Corporation and Sumitomo Corporation
- Cumulative CPI Rent Escalations Capped at 12%, every 5 Years
- Heavily trafficked area on famous US Highway 1, and over 115,000 Vehicles passing the site daily
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,762 SF
Building Class
B
Year Built
2014
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’ on Broadway
PROPERTY TAXES
| Parcel Number | SAUG-000012D-000006-000002 | Improvements Assessment | $1,802,700 |
| Land Assessment | $1,081,800 | Total Assessment | $2,884,500 |
PROPERTY TAXES
Parcel Number
SAUG-000012D-000006-000002
Land Assessment
$1,081,800
Improvements Assessment
$1,802,700
Total Assessment
$2,884,500
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