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338 King St Northampton, MA 01060

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For Sale
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Absolute NNN lease with 16 years remaining and 10% bumps.

Property size:
8,348 SF
Lot size:
1.18 Acres

Property Features for 338 King St

General Information

Standard status
Active
Size
8,348 SF
Lot size
1.18 Acres

Building Details

Year built
1972

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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

This property is occupied by a strong performing Town Fair Tire store, ranked #53 out of 119 locations. The site is positioned in one of the chain’s best retail locations, specializing in tires and wheels. The property benefits from a long-term absolute net-lease with 16 years remaining on the base term and 10% rent increases every 5 years. The tenant has sole responsibility for all operating and capital expenses, including roof and structure, creating a true absolute net-lease investment. The location is strategically situated on Route 5, approximately 4 miles from downtown Holyoke, with easy access off I-91, exit 25, and proximity to Hamp Plaza (Big Y, Walmart) and the retail corridor on King Street. King Street experiences a heavy traffic volume of approximately 19,280 vehicles. Town Fair Tire merged with Mavis Inc. in 2019, creating a company with over 2,000 locations. Both Mavis and Town Fair Tire are listed as the Tenant, and are backed by a Mavis Tire Express Services TopCo Corp. parent guaranty. The property size is 8,348 square feet.
Location Intelligence

Current Use by Public Records

NNN properties

Suggested Use

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

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

Location Insight

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  • Local Demand
City
Northampton
County
Hampshire
State
Massachusetts
Longitude
-72.637107
Latitude
42.3355674

FAQs

What type of property is this?
NNN property - Absolute NNN lease with 16 years remaining and 10% bumps.
Where is this nnn property located?
The property is located at 338 King St Northampton, 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 covers all operating, capital expenses, roof, and structure.; - Strong performing store, ranked #53 out of 119 locations based on visits.
More about this property
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