Listing Contacts
Kenneth Yanni
License: PA RS323884
Bart Delfiner
License: PA RS223488L
Brianna Barratt
License: PA RS348200
Asking Price
$2,182,750
Address
1007 N Pearl St
Bridgeton, NJ
Property Details
Asking Price
$2,182,750
Property Type
Retail
Subtype
Auto Shop
Investment Type
Net Lease
Lease Type
NN
Tenant Credit
Corporate Guarantee
Tenancy
Single
Square Footage
6,127
Price/Sq Ft
$356.25
Cap Rate
6.00%
Occupancy
100%
NOI
$130,965
Year Built
2020
Buildings
1
Lot Size (acres)
0.73
Parking (spaces)
31
Ownership
Fee Simple
Property Description
Equity Retail Brokers is pleased to exclusively offer for sale to qualified investors the opportunity to the fee simple interest in a new construction single tenant Mavis Discount Tire.​​​​​​ The tenant, Mavis Discount Tire is an “essential services” businesses with continued strong performance in 2020.​​​​​​ Mavis has over 1,050 locations across 29 states has annual revenue over $1.5 billion, with industry leading profit ratios.​​​​​​  

The subject property features a new 10-year lease with attractive rental increases through the initial term and options with minimal landlord responsibilities.​​​​​​ 

The subject property is located on North Pearl Street, a main thoroughfare of Upper Deerfield Township, which has over 14,300 vehicles per day.​​​​​​ Surrounding retail includes ShopRite, Tractor Supply, ALDI, AutoZone, Dollar General, Burger King, Monro Muff ler, McDonald’s, Wawa, Walgreens, and many more.​​​​​​   

Upper Deerfield Township is a city in Cumberland County, New Jersey which is conveniently located between Philadelphia and the New Jersey shore points – approximately 35 miles to each.​​​​​​ 

Property Highlights
  • New construction
  • Essential services business with continued strong performance in 2020
  • New 10-year lease with attractive rental increases through the initial term and options with minimal landlord responsibilities