131 Westchester Dr - Auto Repair FOR SALE


High Point, NC 27262- Greater High Point
$2,373,900 USD
314-563-2208
131 Westchester Dr, High Point, NC for Sale
$2,373,900 USD
Auto Repair - FOR SALE
1/5
null | 5.75% Cap Rate

131 Westchester Dr
High Point, NC 27262
Greater High Point


HIGHLIGHTS

  • 15+ years remain on absolute NNN lease
  • Corporate Guaranty from operator of 3,500 service centers
  • 5% increases every 5 years
  • near major intersection with 52,500 cars/day

OVERVIEW

Mavis Tires & Brakes at 131 Westchester Drive, High Point, NC 27262 presents a compelling net-leased investment opportunity in one of High Point’s most active retail corridors. Built in 2021, the ±6,656 SF property sits on approximately .97 acre as a premier outparcel to Publix, offering exceptional visibility and convenient access. The asset is secured by a corporate-guaranteed 20-year absolute NNN lease with 15+ years remaining, providing zero landlord responsibilities. Investors benefit from built-in 5% rent increases every five years, six 5-year renewal options, and current annual rent of $136,500. Positioned along Westchester Drive and near North Main Street, the site benefits from strong traffic counts of approximately 27,500 and 25,000 vehicles per day, respectively. The surrounding trade area features major national retailers including Walmart, Lowe’s, The Home Depot, Starbucks, Chick-fil-A, Chipotle, Staples, and Wells Fargo. The property is also near High Point University and Wake Forest Baptist Health High Point Medical Center, supporting steady daytime traffic and long-term consumer demand. This is an opportunity to acquire a newer-construction, passive investment leased to one of the nation’s largest independent automotive service operators.

FOR SALE DETAILS

PRICE

$2,373,900 USD

PRICE/SF

$950 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

C

APN/PARCEL ID

0224412

ASK ABOUT THIS PROPERTY

Chris SchellinWestwood Net Lease AdvisorsMore Info
314-563-2208

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Chris SchellinWestwood Net Lease AdvisorsMore Info
314-563-2208

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