Single-Tenant NNN
For Sale
Contact for pricing
10 School St, Seekonk, MA 02771
Automotive property leased under a long-term net structure with scheduled rent increases.
Property SizeContact for details
Days on Market144
Property Features for 10 School St
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Orlando
(407) 557-3841
Listed By:
Scott Gould · License #FL SL3288412
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 10:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
This single-tenant automotive property is leased to Mavis Discount Tires under a 10-year agreement. The lease provides for 10% rent increases at five-year intervals, establishing defined escalation terms over the initial lease period.
The property is in Seekonk, Massachusetts, within the Providence, RI MSA, and sits just off Interstate 195. Multiple national tenants operate in the surrounding area. Mavis Discount Tires acquired the prior operator, Melvin's Tire Pros, at the end of July 2022, while the prior business had served the New England market for more than 40 years.
The property is in Seekonk, Massachusetts, within the Providence, RI MSA, and sits just off Interstate 195. Multiple national tenants operate in the surrounding area. Mavis Discount Tires acquired the prior operator, Melvin's Tire Pros, at the end of July 2022, while the prior business had served the New England market for more than 40 years.
Key Highlights
- 10‑year lease with Mavis Discount Tires
- 10% rent increases scheduled every five years
- Single‑tenant net lease automotive property
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
164k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 42%
Shops & Services 33%
Electronics 19%
Dining 4%
Kohl's
Apparel
63,344 visits/mo
0.4 miles
Best Buy
Electronics
31,700 visits/mo
0.5 miles
Cumberland Farms
Shops & Services
30,522 visits/mo
0.1 miles
Dollar Tree
Shops & Services
21,929 visits/mo
0.3 miles
Outback Steakhouse
Dining
7,284 visits/mo
0.3 miles
Demographics for 02771, MA
15,512
Population
6,324
Households
2.5
Avg Household Size
45
Median Age
43%
College-Educated
92%
High-School Grad
18.4 sq mi
ZIP Area
843
Density / Sq Mi
$116,310
Median Household Income
$59,600
Median Earnings
$1,808
Median Rent
$461,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Automotive property leased under a long-term net structure with scheduled rent increases.
Where is this nnn property located?
The property is located at 10 School St Seekonk, MA.
What are key features of this property?
This property features: 10‑year lease with Mavis Discount Tires; 10% rent increases scheduled every five years; Single‑tenant net lease automotive property
