1207 S Main St - Auto Dealership FOR SALE
Kernersville, NC 27284 |
1207 S Main St
Kernersville, NC 27284
HIGHLIGHTS
- Leased and Guaranteed by Discount Tire - Largest Independent Tire Dealer in the US | Discount Tire had revenue of $5.2B in FY 2021
- Favorable Lease Structure - 20-Year Lease | Six (6) five-year options | NNN Ground Lease with no landlord obligations
- Scheduled Rental Increases - 10% Rent Increases Every Five Years during initial term and renewal options
- 1 of 2 Discount Tires Within a 10-Mile Radius - North Carolina has over 37 Discount Tire locations, providing significant market share
- Winston-Salem Submarket - With an anticipated 5-year population growth rate of 4.5% within a 5-mile radius
- Necessity-Driven Asset - The asset is well-positioned to weather any future pandemic-related closures or disruptions
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
STATUS
Demolished
BUILDING DETAILS
PROPERTY NAME
Discount Tire Ground Lease | 20-Year NNN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Dealership
ADD'L SUBTYPES
Auto Repair, Convenience Store, Fast Food
TOTAL BUILDING SIZE
9355
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
6875-49-2125,6875-49-3042
