275 BroadwayUnion Beach, NJ 07735

This exceptional investment opportunity presents a single-tenant, 12,676 square foot Mavis Discount Tire located at 275 Broadway, Keyport, New Jersey, in Monmouth County (zip code 07735). The property sits on a 0.32-acre lot and is subject to a 20-year absolute triple-net (NNN) lease, commenced June 16, 2021, and expiring June 29, 2041, leaving approximately 16.6 years remaining. The current annual net operating income (NOI) is $123,000, representing a 5.25% capitalization rate based on the asking price of $2,342,857 ($184.83 per square foot). The lease includes attractive rental increases of 1.50% annually, commencing in year seven and continuing through six, five-year renewal options. This is a low-maintenance, passive income investment with minimal landlord responsibilities, offering significant long-term value and strong tenant performance. The property boasts 100% occupancy and a single-story building. This is a prime opportunity for investors seeking a stable, high-yield, net-lease investment in a well-established retail location.