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.