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    134 Water St Newton, NJ 07860

    For Sale
    $3,710,177

    Long-term NNN lease with corporate guarantee and rent increases.

    Property size:
    11,412 SF
    Lot size:
    1.51 Acres

    Property Features for 134 Water St

    General Information

    Size
    11,412 SF
    Lot size
    1.51 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Leased Mavis Tire Shop

    This property is subject to a long-term, triple net (NNN) lease with 16 years remaining and no landlord responsibilities. The lease features scheduled increases of 7.50% every 5 years and includes 6, 5-year options to extend the lease term for an additional 30 years. The lease is subject to a strong corporate guarantee from Mavis Tire Express Services TopCo Corp, which operates over 2000 units under the brands Mavis Discount Tire, Express Oil Change, Brakes Plus, NTB, Tire Kingdom, Tuffy Tire, and Town Fair Tire. The tire services business is considered recession-resistant; tire shops and maintenance experienced an average revenue increase of 44% during COVID-19. The property is located in Newton, NJ.
    Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Law Firm Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Rescuetech Truck Services, Mark's Complete Automotive, Newton Auto Body & Restoration, Midas, Midtown Collision

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.7465916
    Latitude
    41.0662297

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    FAQs

    What type of property is this?
    Auto shop - Long-term NNN lease with corporate guarantee and rent increases.
    Where is this auto shop located?
    The property is located at 134 Water St Newton, NJ.
    What is the asking price?
    The asking price for this property is $3,710,177.
    What are key features of this property?
    This property features: - Long-Term Triple Net (NNN) Lease with 16 Years Remaining, offering passive income with no landlord responsibilities.; - Strong Corporate Guarantee from Mavis Tire Express Services TopCo Corp (2000+ Units).; - Recession-Resistant Business (Tire Services) with Demonstrated Revenue Increase During COVID-19.
    (332) 345-2408
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    134 Water St Newton, NJ 07860
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    Newton, NJ 07860
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    134 Water St Newton, NJ 07860
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