Retail Space For Lease @ 909 S Salisbury Blvd

Net leased Mr.​ Tire with a 50+ year history of being a Goodyear tire center showing the stability this well-located commercial property has.​ The property is situated in a high-demand area between Salisbury University and Tidal Health (a top 100 regional hospital).​ Mr.​ Tire, owned and operated by Monro Muffler Brake, a well-performing publically traded company entered the market 7-years ago after purchasing the existing business at this location.​ Mr.​ Tire is in their first 5-year lease option.​ They have 4 more lease options that run through 2043.​ This offering has excellent intrinsic value with good real estate in a high-demand proven location within the market with very little turnover.​ Potential upside exists if the tenant does not renew given their current rent is 40% +/- below market rent.

Mr. Tire has over 300 locations in 12-states. Mr. Tire's parent company, Monro Muffler Brake, was formed 64-years ago in 1957 and now its brands operate in 32 states with nearly 1,300 locations nationwide. This space offers accomodations for: street retail.