1013 Lewis St - Auto Repair FOR SALE


Oxford, NC 27565
$3,097,645 USD
332-345-4222
1013 Lewis St, Oxford, NC for Sale
$3,097,645 USD
Auto Repair - FOR SALE
1/3
null | 5.65% Cap Rate

1013 Lewis St
Oxford, NC 27565


HIGHLIGHTS

  • Strong Corporate Guarantee
  • Outparcel to Walmart Supercenter
  • Proximity to Raleigh-Durham-Cary CSA
  • Absolute NNN 20-Year Corporate Sale-Leaseback

OVERVIEW

Surmount is pleased to present the exclusive listing for a Mavis Discount Tire located at 1013 Lewis St, Oxford, NC 27565. The site consists of roughly 6,979 rentable square feet of building space on an estimated 1.44-acre parcel of land. This Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $175,000 and has scheduled increases of 5.00% every 5 years.

FOR SALE DETAILS

PRICE

$3,097,645 USD

PRICE/SF

$444 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Discount Tire

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

-

APN/PARCEL ID

191204611544

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Glen KunofskySurmountMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.