Mavis Discount Tire property sells for $3.5M in Ocean County

Mavis Discount Tire property sells for $3.5M in Ocean County

A Shore property occupied by Mavis Discount Tire recently sold in a deal arranged by Marcus & Millichap. The brokerage announced the sale of 280 Route 37 in Toms River June 23. At 6,853 square feet, the net-leased plot sold for $3.49 million, M&M said. The deal underscores investor appetite for stable opportunities, as 2025 produces an increase in volume for these type of deals. “Net-leased assets with credit in New Jersey continue to draw inter…

Net-leased Mavis Discount Tire property trades for $3.49 million, Marcus says – Real Estate NJ

280 Route 37 East in Toms River — Courtesy: Marcus & Millichap By Joshua Burd A private investor has acquired a nearly 6,900-square-foot retail property in Toms River for some $3.5 million, brokers with Marcus & Millichap announced Monday. In a news release, the listing team said Mavis Discount Tire occupies the one-story building at 280 Route 37 East under a corporate-guaranteed net lease through 2030. The 6,853-square-foot facility sits on 1.2…