2885 Lowery St - Warehouse FOR SALE


Winston-Salem, NC 27101- Southeast Winston-Salem
$2,200,000 USD
773-963-2637
2885 Lowery St, Winston-Salem, NC for Sale
$2,200,000 USD
Warehouse - FOR SALE
1/5
null | 5.96% Cap Rate

2885 Lowery St
Winston-Salem, NC 27101
Southeast Winston-Salem


HIGHLIGHTS

  • Absolute Net Lease with Zero Landlord Responsibilities
  • Industry Leading, Publicly Traded Operator with Significant Scale (NASDAQ: GT)
  • Long-Term Operating History, Recent Lease Extension
  • Frontage on NC-150, Exposure to 72K+ VPD
  • Optimal Demographics 

OVERVIEW

Northmarq is pleased to present a rare opportunity to acquire a Goodyear Auto Service Center located in Winston-Salem, North Carolina (the “Property”). The Property is subject to an absolute net lease with no landlord responsibilities whatsoever. The lease features biennial 2.00% rent increases during the primary term and the option periods, providing stable and predictable income growth throughout the investment horizon. Goodyear is responsible for all taxes, insurance, and maintenance, including roof and structure, ensuring a highly passive ownership profile.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

5.96%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Goodyear Tire and Rubber Company

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

UTILITIES

-

CLEAR CEILING HT

26 Ft

DOCKS

5

DRIVE INS

1

PARKING SPACES

18

LAND DETAILS

LAND ACRES

2.67

LAND SF

116,305

ZONING

GI GENERAL

APN/PARCEL ID

6845-77-1268

ASK ABOUT THIS PROPERTY

Isaiah HarfNorthmarqMore Info
773-963-2637

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Isaiah HarfNorthmarqMore Info
773-963-2637

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