2849 Midway Rd SE - Auto Repair FOR SALE


Bolivia, NC 28422
$3,166,667 USD
332-345-4222
2849 Midway Rd SE, Bolivia, NC for Sale
$3,166,667 USD
Auto Repair - FOR SALE
1/2
null | 6% Cap Rate

2849 Midway Rd SE
Bolivia, NC 28422


HIGHLIGHTS

  • Robust Corporate Guarantee
  • Recession Resistent Due to Non Discretionary Nature of Services
  • Recent Nearby Development
  • Growing Area & Population

OVERVIEW

Surmount is pleased to present the exclusive listing for a Mavis Discount Tire located at 2849 Midway Rd SE, Bolivia, NC 28422. The site consists of roughly 6,979 rentable square feet of building space on an estimated 1-acre parcel of land. This Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $190,000 and has scheduled increases of 5.00% every 5 years.

FOR SALE DETAILS

PRICE

$3,166,667 USD

PRICE/SF

$1,583 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Tires & Brakes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,450 SF

ZONING

CLD

APN/PARCEL ID

2030001306

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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