5080 Highland Shoppes Dr - Auto Repair FOR SALE


Charlotte, NC 28269- Highland Creek
$3,914,000 USD
310-691-1350
5080 Highland Shoppes Dr, Charlotte, NC for Sale
$3,914,000 USD
Auto Repair - FOR SALE
1/8
null | 5.75% Cap Rate

5080 Highland Shoppes Dr
Charlotte, NC 28269
Highland Creek


HIGHLIGHTS

  • 100% Absolute NNN Lease with Zero Landlord Responsibilities: Providing Stable, Passive Income Backed by a Nationally Scaled Auto Service Operator
  • Corporate Guaranty from Express Oil Change: Part of the Mavis Tire Family, One of the Largest Independent Auto Service Operators in the U.S.
  • Strong Tenant Commitment: Nearly a Decade of Operating History at the Site, Signaling Long-Term Performance and Low Rollover Risk
  • Prime Charlotte Location on I-485: Excellent Visibility, Surrounded by National Retailers such as Harris Teeter, Publix, ALDI, and IHOP
  • Charlotte Ranked as the #3 Fastest-Growing Major U.S. City and a Top Destination for Corporate Relocation and Investment
  • Affluent Demographics: Roughly 65,000 Residents and $115,000 Average Household Income within a 3-Mile Radius

OVERVIEW

Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell, Inc., as exclusive advisors to the Seller, is excited to present investors with the opportunity to acquire a high-performing, net-leased Mavis Tires & Brakes in one of Charlotte’s fastest-growing residential and retail corridors (the “Property”). The Property is secured by a 100% absolute triple net lease to Griffin Brothers Auto (doing business as Mavis Tires & Brakes), offering investors zero landlord responsibilities and a reliable, long-term income stream. The tenant has operated at the site for nearly a decade, with over 10 years of remaining term on the base lease and 10% rental increases every five years, including in each of the four 5-year extension options. Situated on a 1.02-acre parcel with a well-maintained 10,521 square foot building, this offering provides durable cash flow, built-in rent growth, and minimal operational risk. The tenant, Griffin Brothers Auto, is a subsidiary of the Griffin Brothers Companies, a Charlotte-based firm that has expanded beyond automotive services into real estate, hospitality, and venture capital. Griffin Brothers Auto was acquired by Express Oil Change, one of the nation’s largest and most respected automotive service operators with over 390 locations across 19 states. The lease features a corporate guaranty from Express Oil Change, a core brand within the Mavis Tires & Brakes portfolio, which includes national service names like Brakes Plus, Town Fair Tire, and Tuffy Tire. With deep industry experience and private equity backing, Mavis is a dominant player in the e-commerce-resistant auto services sector. Strategically located along Highland Shoppes Drive, just off Prosperity Church Road and highly visible from Charlotte’s I-485 Outer Loop, the Property benefits from affluent demographics and dense surrounding development. Over 65,000 residents with average household incomes exceeding $113,000 live within a 3-mile radius. The Property is adjacent to a drive-thru Bojangles, an IHOP-anchored strip center, and is shadow-anchored by Harris Teeter, with other nearby anchors including Publix and ALDI. The immediate area includes nearly 1,000 multifamily units within a quarter mile, and a growing retail corridor with robust traffic and daytime population. The Property is surrounded by one of Charlotte’s most active residential pipelines, with a mix of completed, under-construction, and planned townhome and multifamily developments, including Highland Creek, Cardinal Point, and Prosperity Crossing, among others. In total, thousands of new residential units are being delivered or planned within a 3-mile radius, creating long-term demand drivers for neighborhood retail and services. Located in Charlotte, the 3rd fastest-growing major city in the U.S., and ranked among the top cities for business and quality of life, this offering is uniquely positioned at the intersection of institutional leasing, long-term demographic growth, and market momentum.

FOR SALE DETAILS

PRICE

$3,914,000 USD

PRICE/SF

$372 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trophy Quality STNL Mavis Tire

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

NS

APN/PARCEL ID

029-311-34

ASK ABOUT THIS PROPERTY

David ChasinPegasus InvestmentsMore Info
310-691-1350

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David ChasinPegasus InvestmentsMore Info
310-691-1350

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