2607 S Main St - Auto Repair FOR SALE


High Point, NC 27263- Greater High Point
$2,615,385 USD
781-776-4012
2607 S Main St, High Point, NC for Sale
$2,615,385 USD
Auto Repair - FOR SALE
1/3
null | 5.85% Cap Rate

2607 S Main St
High Point, NC 27263
Greater High Point


HIGHLIGHTS

  • Long Term Corporate Lease
  • Fixed Rent Increases
  • Minimal Landlord Responsibilities
  • Strong Corporate Tenant
  • Strategic Location
  • Recession Resistant Investment

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a brand-new Mavis investment property located at 2607 South Main Street in High Point, North Carolina (the “Property”). The building has been redeveloped for Mavis and contains 5,886 square feet. The building was completed, and Mavis opened in April of 2023. Mavis has 18+ years remaining on their lease with four (4), 5-year renewal options. The Property is situated along South Main Street in a heavily developed commercial district that is centered around US Highways 29 and 70 in the south-end of High Point. The Property is across the street from a Walmart Supercenter and adjacent to an Aldi and enjoys outstanding visibility and frontage along South Main Street, the area’s primary commercial corridor. The Property is 0.5-miles from US Highways 29 and 70, 2-miles from Interstate 74 and 2.5-miles from Interstate 85. The trade area is surrounded by national retailers and manufacturing and warehouse properties that drive significant traffic to the area as well as a growing number of residential neighborhoods, providing a strong customer base.

FOR SALE DETAILS

PRICE

$2,615,385 USD

PRICE/SF

$446 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

RC

APN/PARCEL ID

0179541

ASK ABOUT THIS PROPERTY

Aaron HuntleyHorvath & TremblayMore Info
781-776-4012

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Aaron HuntleyHorvath & TremblayMore Info
781-776-4012

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