238 James Ave - Auto Repair FOR SALE


Locust, NC 28097
$3,043,478 USD
216-292-7006
238 James Ave, Locust, NC for Sale
$3,043,478 USD
Auto Repair - FOR SALE
1/5
null | 5.75% Cap Rate

238 James Ave
Locust, NC 28097


HIGHLIGHTS

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 5% Rental Increases Every Five Years with Multiple Renewal Options
  • Mavis Offers a Menu of Additional Services Including Brakes, Alignments, Oil Changes, Suspension, Shocks, Struts, Battery Replacement, & Exhaust Work
  • Mavis is One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
  • Situated within the Charlotte MSA - 60,278 Residents within a 10-Mile Radius
  • Across from Walmart Supercenter and Surrounded by National Retailers: Starbucks, KFC, Taco Bell, Dollar Tree, and More

OVERVIEW

As the largest multi-brand tire dealer in the United States, Mavis operates over 2,000 service centers in 38 states under three operating formats: Mavis Tire, Express Oil Change & Tire Engineers, and Brakes Plus. Locust is a city in Stanly and Cabarrus counties in North Carolina, located within the Charlotte metropolitan area. Locust has become one of the fastest-growing cities in the state due to its proximity to Charlotte.

FOR SALE DETAILS

PRICE

$3,043,478 USD

PRICE/SF

$436 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Tires & Brakes Sale-Leaseback

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

MULTIPLE

APN/PARCEL ID

5565-04-50-4174

ASK ABOUT THIS PROPERTY

Alex FrankelMarcus & MillichapMore Info
216-292-7006

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Alex FrankelMarcus & MillichapMore Info
216-292-7006

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