360 Ashville Ave - Auto Dealership FOR SALE


$2,282,403 USD
919-576-2501
360 Ashville Ave, Cary, NC for Sale
$2,282,403 USD
Auto Dealership - FOR SALE
1/6
null | 6.2% Cap Rate


HIGHLIGHTS

  • Attractively priced single-tenant net lease at $2,282,403
  • NNN lease through 2033 with 3% annual escalations — ~7 years remaining plus three 5-year renewal options
  • South Cary location near Regency Parkway/US-1 — strong residential density and commuter access, minutes from WakeMed and Waverly Place
  • PE-backed tenant platform — Atlantic Tire operates within Goodturn Tire & Auto (~70 locations / ~35 brands)
  • E-commerce-resistant, essential-service use — needs-based automotive service insulated from online retail
  • High-income, highly educated trade area — average household incomes near $200K within 1 mile and strong residential rooftops

OVERVIEW

A 5,625 SF Atlantic Tire location on a 1.00-acre parcel, producing $141,509 in base rent effective July 17, 2026 ($25.16/SF). Priced at $2,282,403 at a 6.20% CAP rate, the asset offers contractual 3% annual rent growth and long-term tenancy in one of the Triangle’s most sought-after suburban submarkets. The property’s compact, efficient footprint supports strong rent coverage and operational performance. Positioned within a densely populated and rapidly expanding pocket of Cary, the property offers strong neighborhood connectivity and commuter access, with ±6,600 VPD on Regency Parkway and adjacent US-1 carrying approximately 15,500 VPD. The surrounding trade area draws on Cary’s deep employment base, top-rated schools, and quality-of-life appeal, all of which sustain consistent demand for convenience-oriented automotive services. The location pairs everyday accessibility with the durability of a mature, built-out market.

FOR SALE DETAILS

PRICE

$2,282,403 USD

PRICE/SF

$406 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

360 Ashville Ave

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

GCCU

APN/PARCEL ID

0762.14-33-2751-000

ASK ABOUT THIS PROPERTY

Moss WithersLee & AssociatesMore Info
919-576-2501

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Moss WithersLee & AssociatesMore Info
919-576-2501

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