442 Elizabeth Ave Franklin Township, NJ 08873

This exceptional investment opportunity presents a single-tenant, 5,269 square foot Mavis Discount Tire located at 442 Elizabeth Ave, Franklin Township, NJ 08873. The property sits on a 1.02-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 $190,000, representing a 5.25% cap rate and a price per square foot of $686.86. The lease includes attractive rental increases of 1.50% annually, beginning in year seven and continuing through six, five-year renewal options. This presents a low-maintenance, high-return investment with minimal landlord responsibilities, secured by a nationally recognized brand in the automotive tire services industry. The property boasts 100% occupancy and a strong financial performance history. This is an ideal opportunity for investors seeking a stable, long-term, passive income stream with significant upside potential. The building is a single-story structure.