1203 S Main St - Freestanding FOR SALE


Laurinburg, NC 28352
$1,733,000 USD
704-651-5953
1203 S Main St, Laurinburg, NC for Sale
$1,733,000 USD
Freestanding - FOR SALE
1/5
null | 4.5% Cap Rate

1203 S Main St
Laurinburg, NC 28352


HIGHLIGHTS

  • STRATEGIC INFILL LOCATION
  • POSITIONED IN DENSE RETAIL CORRIDOR
  • STRONG LOCAL ECONOMIC DRIVERS

OVERVIEW

ATTRACTIVE LEASE TERMS - ?Absolute NNN ground lease structure offers zero landlord responsibilities and management ? - 15-year initial lease term with five (5) five-year renewal options, providing long-term cash flow and rent growth potential TOP PERFORMING LOCATION AND LONG OPERATING HISTORY - ?Top 10% nationally in visits within the Car Shops & Services category ? - Top 30% in visitation among AutoZone locations in North Carolina, demonstrating strong site performance and customer demand ? - Tenant recently signed a brand new 15 year lease extending operations at this location for 35 years CORPORATE GUARANTEE FROM NAME BRAND PUBLIC TENANT - ?AutoZone is the nation's leading automotive aftermarket parts retailer with over 7,000 locations across the U.S., Mexico, and Brazil ? - Publicly traded on the NYSE (Ticker: AZO) with a market capitalization exceeding $50B+ ? - The company continues to benefit from resilient DIY and commercial repair demand in the non-discretionary auto parts sector STRONG LOCAL ECONOMIC DRIVERS - ?So-Pak-Co selected Laurinburg for a new $85M food processing and packaging facility ? - Expected to create 440 jobs ? - Statewide economic impact projected to exceed $1.5B, supporting long-term population and employment growth in the trade area POSITIONED IN DENSE RETAIL CORRIDOR - ?Over 1.7 million square feet of retail within a 1-mile radius ? - The subject benefits from proximity to national retailers and daily-needs traffic generators that drive consistent consumer activity ? - Nearby National retailers include, McDonalds, Popeyes, Dunkin, & Burger King STRATEGIC INFILL LOCATION - ?The property is positioned within an established and densely developed retail corridor, serving a stable and loyal customer base ? - Infill dynamics enhance long-term tenant retention and real estate value

FOR SALE DETAILS

PRICE

$1,733,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Freestanding AutoZone | Laurinburg, NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

B

APN/PARCEL ID

01-0065-01-008,01-0065-01-011,01-0065-01-012

ASK ABOUT THIS PROPERTY

Ben OlmsteadAtlantic Capital PartnersMore Info
704-651-5953

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Ben OlmsteadAtlantic Capital PartnersMore Info
704-651-5953

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