Available
Mavis Discount Tire
9343 PA-61, Shamokin, PA 17866
Investment Opportunity
The Offering
Bennett Williams is pleased to exclusively offer for sale a single tenant net-leased Mavis Tire investment property in Shamokin, Pennsylvania. The tenant, Mavis Tire Supply LLC will operate under a new NNN lease with a fifteen-year term. Mavis Tire currently operates over 2,100 retail store locations throughout the United States. Headquartered in Millwood, New York, The Mavis Brand is one of the largest independent multi-brand dealers in the United States. The subject property is strategically situated along PA-61. This location gives Mavis Tire a billboard like presence in the market.
Investment Highlights
→ Mavis Tire currently operates over 2,100 retail store locations in the United States.
→ Tenant showed its commitment to the redevelopment site by signing a brand new, long term lease.
→ Rental Increases in the base term, as well as the option terms give an investor a solid return over the lease term.
→ The property is ideally positioned along PA-61 in Coal Township, PA, a rapidly growing suburb of Shamokin, PA.
→ Shadow anchored by Walmart, this intersection has become a regional pull for the surrounding area and is the reason for new brands like Taco Bell and Wawa to locate here.
The Details
Square Footage:
6,730 SF
Property Type:
Freestanding
Price:
$2,133,333.33
Investment Type:
Single Tenant
Cap Rate:
6%
NOI:
$128,000
Occupancy:
100%
The Location
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