1307 Chestnut Ln - Retail FOR SALE


Matthews, NC 28104
$3,460,918 USD
332-345-4220
1307 Chestnut Ln, Matthews, NC for Sale
$3,460,918 USD
Retail - FOR SALE
1/3
null | 5.65% Cap Rate

1307 Chestnut Ln
Matthews, NC 28104


HIGHLIGHTS

  • Long-Term NNN Lease
  • New Construction With Modern Site Design
  • Strong In-Place Income With Accelerated Rental Increase Structure
  • Large Freestanding Parcel

OVERVIEW

Surmount is pleased to present the exclusive listing for a Mavis Discount Tire located at 1307 Chestnut Lane, Matthews, NC 28104. The site consists of roughly 7,156 rentable square feet of building space on an estimated 1.05-acre parcel of land. Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease, which commenced 7.6.2023. The current annual rent is $195,541 and has scheduled increases of Variable.

FOR SALE DETAILS

PRICE

$3,460,918 USD

PRICE/SF

$484 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Discount Tire

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

-

APN/PARCEL ID

07-147-130-B

ASK ABOUT THIS PROPERTY

Richard NardiSurmountMore Info
332-345-4220

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Richard NardiSurmountMore Info
332-345-4220

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