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255 New State Hwy Raynham, MA 02767

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For Sale
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Net-lease investment opportunity with a strong performing tire retailer.

Property size:
7,005 SF
Lot size:
2.70 Acres

Property Features for 255 New State Hwy

General Information

Standard status
Active
Size
7,005 SF
Lot size
2.70 Acres

Building Details

Year built
2000

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Listing Contact
Dean Zang
Source: Crexi

Listing Agency: Marcus & Millichap - Washington, D.C. Listing Agent: Dean Zang

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

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Overview

Town Fair Tire Investment Property

This Town Fair Tire property is strategically located off Route 24 on Greater Boston’s Route 44/New State Highway in Raynham, Massachusetts, near Exit 20 of Route 24. The location is close to Cape Roads Plaza, anchored by ALDI, Dollar Tree, and AAA, and across the street from Shaw’s Plaza with Marshall’s, PetSmart, and Bernie & Phyl’s. New State Highway sees approximately 27,000 vehicles daily. The property is positioned in one of the chain’s best retail locations. Town Fair Tire strictly sells tires and wheels. The tenant has sole responsibility for all operating and capital expenses, including roof and structure, making this a truly absolute net-lease investment. The property has 16 years remaining on the base term with 10% rent increases every 5 years. The property is positioned for strong growth as electrical cars wear out tires more quickly, which will only increase the demand for tires as the country transitions to electric cars. The building size is 7,005 square feet.
Location Intelligence

Current Use by Public Records

Town Fair Tire (Bike/Boat/Book/etc) Store

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

Location Insight

  • Map
  • Local Demand
City
Raynham
County
Bristol
State
Massachusetts
Longitude
-71.055048
Latitude
41.905475

FAQs

What type of property is this?
NNN property - Net-lease investment opportunity with a strong performing tire retailer.
Where is this nnn property located?
The property is located at 255 New State Hwy Raynham, MA.
What are key features of this property?
This property features: - Long-term absolute NNN lease with 16 years remaining and 10% rent increases every 5 years.; - Zero landlord responsibilities; tenant handles all operating, capital expenses, roof, and structure.; - **Strong performing store**, ranked #55 out of 119 locations by Placer.ai based on visits per square foot.
More about this property
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