Mavis Discount Tire

816 Black Horse Pike, Mount Ephraim, NJ 08059

$2,213,748

Cap Rate 6.40%

Views: 157 DOM: 294 Updated: 09.27.24 Posted: 03.02.24 Status: Active

Summary

Price $2,213,748	Built/Renov 1980/2019	Tenant Mavis Discount Tire
Cap Rate 6.40%	Lease Type NN+	Guarantor Corp Rated
Size/SF 7,128	Lease Start 12-02-2019	#Units 879
Price/SF $310.57	Expiration 12-31-2039	Tenant Type Automotive
NOI $141,679	R. Term 15.0	Ownership Fee Simple
Rent/SF $19.88	Increases 10.0%/1/yrs	Pop 5Mi 382,993
Lot/AC 0.36	Options 5/5yrs/10%	AHHI 5Mi $82,259

Lease Highlights

Mavis Discount Tire has 15+ years remaining on the current lease term with 5 (5-year) options to extend
Retrofit to Suit for tenant in 2019 | Significant investments were made into the building
New roof | 15-year warranty
The lease features 10% rental escalations throughout the initial term and option periods
Corporate guaranteed lease

Location Description

Mavis Discount Tire is strategically located at the signalized, hard corner intersection of Black Horse Pike and Main Street, with access to a daily traffic count of 27,000 vehicles. The property features excellent signage and access, enhancing its visibility and convenience for customers. Positioned within a strong and heavily traveled retail corridor, it stands directly across the street...

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Key Features

Signalized intersection
New roof
Roof guarantee
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Long 15+ yr lease
Corporate Guarantee
Credit rated company

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Links

Mavis Discount Tire Wikipedia Mavis Discount Tire Wikipedia Mount Ephraim, New Jersey Zip Code 08059 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Mavis Discount Tire
Guarantor:Corp Rated
Company:Mavis Tire Express Services
# Units:879
Tenant S&P: B-
Moody’s: B3
Stock:Private

About Tenant

Mavis Discount Tire (“Mavis”) is an independent American tire dealer and automotive service chain. Founded in 1972, the chain offers additional services including brakes, alignments, suspension,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	15,235	130,399	396,426
2023 Total Population :	15,336	130,975	395,599
2023 Employed Civilian Pop :	8,706	66,315	200,460
2023 Total Businesses :	373	3,973	13,499
2023 Average Household Income :	$ 105,636	$ 106,748	$ 110,151
2023 Total Consumer Spending :	$ 583 M	$ 4917 M	$ 15082 M
2023 Median Age :	42	40	39
2023 Total Households :	6,456	53,653	159,387
2023 Pop Age 25+: Bachelor's Degree :	2,387	19,907	62,318
2023 Average Home Value :	$ 291,009	$ 313,858	$ 330,476

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Black Horse Pike	Washington Ave	2011	26,388	0.09 mi
Black Horse Pike		2018	27,646	0.11 mi
Nicholson Rd	Rd B	2014	15,960	0.23 mi
NJ 168	3rd Ave	2022	16,317	0.24 mi
West Nicholson Road	Wyoming Ave	2020	11,042	0.32 mi
Black Horse Pike	Howell Ave	2011	26,761	0.35 mi
Black Horse Pike	Peters Creek Dr	2020	19,821	0.36 mi
W Nicholson Rd	Brittin Ave	2012	16,339	0.36 mi
West Nicholson Road	New York Ave	2018	15,032	0.38 mi
N Black Horse Pike	Valley Rd	2013	23,184	0.40 mi

Listing Broker

Brandon Hanna

ENCORE Real Estate Investment Services

Contact

38 Listings
5949 Views
9 Sold

Deno Bistolarides

ENCORE Real Estate Investment Services

Contact

78 Listings
10190 Views
31 Sold

Brandon Hanna

Brandon Hanna is a founding member and Managing Partner of Encore Real Estate Investment Services. Alongside his partners Deno Bistolarides and Ryan Vinco, Brandon oversees a team of seasoned investment professionals that focus on advising clients in the acquisition and disposition of net leased and multi-tenant retail assets throughout the United States. Throughout his investment brokerage career, Brandon has broken price per square foot records and cap rate records in nearly every market whic

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Deno Bistolarides

Deno Bistolarides is a founding member and Managing Partner of Encore Real Estate Investment Services. Along with his partners Brandon Hanna and Ryan Vinco, Deno oversees a team of seasoned investment professionals that focus on advising clients in the acquisition and disposition of net leased and multi-tenant retail assets throughout the United States. In his career, which has spanned over a decade, Deno has advised private clients, developers, institutions and has completed over 400 transacti

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