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Mavis Discount Tire 763 Bethlehem Pike 10,880 SF Retail Building Montgomeryville, PA 18936 $2,850,000 ($261.95/SF) 6.25% Cap Rate
Investment Highlights
- RECENTLY EXTENDED, CORPORATELY GUARANTEED LEASE
- ESTABLISHED TENANT
- Convenient highway connectivity allows quick access to major routes including Routes 202 and 463
- TWO RENTAL INCREASES IN BASE TERM
- The property is situated along Pennsylvania Route 309
- Located approximately 25 miles from Center City Philadelphia
Executive Summary
TWO RENTAL INCREASES IN BASE TERM
• Next increase on 12/1/2026 ($178,000)
• Mavis has a 5% rental increase in 2026 and a 10% rental increase in 2031 - additional 5% rental increases occur in each five-year option period
• Next increase on 12/1/2026 ($178,000)
• Mavis has a 5% rental increase in 2026 and a 10% rental increase in 2031 - additional 5% rental increases occur in each five-year option period
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,880 SF
Building Class
C
Year Built
1980
Price
$2,850,000
Price Per SF
$261.95
Cap Rate
6.25%
NOI
$178,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.02 AC
Zoning
C - Central Business District
Parking
31 Spaces (2.85 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Smokey Bones
Property Taxes
| Parcel Number | 46-00-00163-007 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $639,020 |
Property Taxes
Parcel Number
46-00-00163-007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$639,020
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