20440 Chartown Dr - Auto Repair FOR SALE


Cornelius, NC 28031
$7,950,000 USD
20440 Chartown Dr, Cornelius, NC for Sale
$7,950,000 USD
Auto Repair - FOR SALE
1/12
null | 6.5% Cap Rate

20440 Chartown Dr
Cornelius, NC 28031


HIGHLIGHTS

  • LARGE CALIBER COLLISION (almost 33k sf) adjacent to and visible to I-77 in Charlotte Metro area
  • Caliber has approximately $5.7 Billion in annual revenue - Corporate parent lease guarantee
  • NNN lease with a new 20 year roof in 2024 with a transferable warranty

OVERVIEW

We are pleased to present a large hub Caliber Collision property for sale in the Charlotte metro area. This facility is 32,890 square feet on 8.259 acres. The average Caliber locations are approximately 10,000-15,000 square feet. This location is adjacent and visible from Interstate 77 north of Charlotte and in close proximity to over a dozen auto dealerships and businesses. Caliber Collision has 5 years remaining on the lease and has three 5 year options to extend. Each option period has a 5% rent increase. This is a NNN lease where Caliber pays for all operating expenses, property taxes and insurance. Landlord is responsible for structure (there has been no issues) and the roof, which was replaced in 2024 and has a 20 year transferable warranty. There is a lease guaranty from the parent company. 2.5% commission to buyer's broker.

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$242 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

undefined, Auto Dealership, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

255

LAND DETAILS

LAND ACRES

8.26 AC

LAND SF

359,806 SF

ZONING

IC(CD)

APN/PARCEL ID

005-411-05

ASK ABOUT THIS PROPERTY

Bill MinkleTelaxis LLCMore Info

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