1835 Nc 24-87 - Auto Repair FOR SALE


Cameron, NC 28326
$3,857,142 USD
256-694-9803
1835 Nc 24-87, Cameron, NC for Sale
$3,857,142 USD
Auto Repair - FOR SALE
1/5
null | 7% Cap Rate

1835 Nc 24-87
Cameron, NC 28326


OVERVIEW

LONG-TERM LEASE: The Property is secured by a 15-year absolute NNN lease structure with 3, five-year options ZERO LANDLORD RESPONSIBILITIES: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term. HIGH-GROWTH SUBMARKET: Positioned in a rapidly growing Cameron submarket characterized by strong rent growth and limited vacancy, driving long-term real estate fundamentals. ATTRACTIVE RENT GROWTH: Rare 3% annual rent increases commencing in year six, offering meaningful income growth and an attractive hedge against inflation. STRONG DEMOGRAPHICS: The property benefits from affluent surrounding demographics with average household incomes exceeding $102,000 within a 2-mile radius, supporting strong consumer demand. STRATEGIC RETAIL POSITIONING: The Property is surrounded by national retailers including Zaxby’s, Dunkin’, Taco Bell, McDonald’s, and Food Lion, reinforcing the strength of the immediate trade area. PRIME RETAIL CORRIDOR: Situated along Highway 87 with traffic counts exceeding 40,000 vehicles per day, providing exceptional visibility and access. STRONG CORPORATE GUARANTY: Backed by a creditworthy corporate guarantor with stable unit-level performance, ensuring long-term operational durability.

FOR SALE DETAILS

PRICE

$3,857,142 USD

PRICE/SF

$228 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harrell’s Tire & Auto

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

5.45 AC

LAND SF

237,402 SF

ZONING

C

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Adam EnglishStream Capital PartnersMore Info
256-694-9803

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Adam EnglishStream Capital PartnersMore Info
256-694-9803

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