355 Mill Creek Rd - Auto Repair FOR SALE


Carthage, NC 28327
$3,008,850 USD
914-403-7574
355 Mill Creek Rd, Carthage, NC for Sale
$3,008,850 USD
Auto Repair - FOR SALE
1/3
null | 5.65% Cap Rate

355 Mill Creek Rd
Carthage, NC 28327


HIGHLIGHTS

  • Excellent Corporate Guarantee from Leading Tire Retailer
  • Harris Teeter-Anchored Retail Location
  • Strong Population Growth Across Trade Area
  • Strong Surrounding Retail & Institutional Drivers

OVERVIEW

Surmount is pleased to present the exclusive listing for a Mavis Tires & Brakes located at 355 Mill Creek Road, Carthage, NC 28327. The site consists of roughly 7,095 rentable square feet of building space on an estimated 1.67-acre parcel of land. Mavis Tires & Brakes is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $170,000 and has scheduled increases of 5.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$3,008,850 USD

PRICE/SF

$424 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

-

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

1.67 AC

LAND SF

72,745 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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