1238 Rauhut St - Auto Repair FOR SALE


Burlington, NC 27217- North Burlington
$1,314,000 USD
713-452-4200
1238 Rauhut St, Burlington, NC for Sale
$1,314,000 USD
Auto Repair - FOR SALE
1/4
null | 6.85% Cap Rate

1238 Rauhut St
Burlington, NC 27217
North Burlington


OVERVIEW

Corporate Tenant - Classic Collision, full corporate guarantee, one of the largest privately held collision repair operators (350+ locations) in the U.S., backed by New Mountain Capital ~8 Years Remaining on Initial Term - Lease commenced October 2023, Double Net structure, three five-year renewal options extending occupancy through 2048 Built-In Rent Growth - 10% escalations every 5 years with limited landlord responsibility Growing Carolina Corridor Market - Burlington MSA, 1.53% annual population growth. Nearly 10% population increase since 2020, positioned between the Piedmont Triad (1.7M) and the Research Triangle at the I-40/I-85 interchange Strategic Location - Adjacent to Alamance Regional Medical Center (238-bed hospital), one exit off I-40/I-85, along South Church St corridor carrying ~26,000 vehicles/day, near LabCorp global HQ Recession-Resistant Asset Class - Collision repair demand is accident-driven and insurance-reimbursed, insulating the sector from e-commerce disruption and consumer spending cycles

FOR SALE DETAILS

PRICE

$1,314,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Classic Collision

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

B 2

APN/PARCEL ID

140267,140274

ASK ABOUT THIS PROPERTY

Justin MillerMarcus & MillichapMore Info
713-452-4200

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

Justin MillerMarcus & MillichapMore Info
713-452-4200

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