1101 S Chapel St - Auto Repair FOR SALE


Kannapolis, NC 28083 | 
$2,566,372 USD
216-292-7006
1101 S Chapel St, Kannapolis, NC for Sale
$2,566,372 USD
Auto Repair - FOR SALE
1/5
null | 5.65% Cap Rate

1101 S Chapel St
Kannapolis, NC 28083


HIGHLIGHTS

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 5% Rental Increases Every Five Years with Multiple Renewal Options
  • Mavis Offers a Menu of Additional Services Including Brakes, Alignments, Oil Changes, Suspension, Shocks, Struts, Battery Replacement, & Exhaust Work
  • Mavis is One of the Largest Independent Automotive Service Businesses in the United States with Over 3,500 Service Centers Throughout the U.S.
  • Positioned Along North Cannon Blvd (US Highway 29), a Primary Commercial Thoroughfare Serving Kannapolis and the Greater Concord Market
  • Growing Charlotte MSA with 67,451 Residents within a Five-Mile Radius

OVERVIEW

As the largest multi-brand tire dealer in the United States, Mavis operates over 3,500 service centers throughout the United States under a variety of operating formats, including: Mavis Tire, Express Oil Change & Tire Engineers, and Brakes Plus. Mavis generates approximately $2.4 billion in revenue annually. The Mavis brands are rapidly expanding with goals to add 100+ stores per year. Kannapolis, North Carolina is a growing city located in Cabarrus and Rowan counties, just northeast of Charlotte in the Charlotte metropolitan area. Kannapolis is home to the North Carolina Research Campus, a nationally recognized hub for food, nutrition, and biotechnology research that brings together universities, private companies, and research organizations. Limited Nonresident Commercial Real Estate Brokers: Mark Ruble: LC1057; Chris Lind: LC1060; Zack House: LC1059; Alex Frankel: LC1058

FOR SALE DETAILS

PRICE

$2,566,372 USD

PRICE/SF

$461 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Tires & Brakes Sale-Leaseback

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Repair, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,600 SF

ZONING

C2:HIGHWAY

APN/PARCEL ID

133-228

ASK ABOUT THIS PROPERTY

Alex FrankelMarcus & MillichapMore Info
216-292-7006

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Alex FrankelMarcus & MillichapMore Info
216-292-7006

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