5588 Highgate Dr
Durham, NC 27713
Southpoint
HIGHLIGHTS
- Founded in 1953, Chapel Hill Tire operates 13 locations across North Carolina.
- Positioned in the South Durham / Southpoint corridor along I-40, the primary transportation artery connecting South Durham, Chapel Hill, etc.
- Located less than a 10-minute drive from RTP, a 7,000-acre mixed-use district home to 300+ companies and more than 65,000 employees.
- Average household income of $122,936 and a population of 128,326 residents within a 5-mile radius.
- True Triple Net (NNN) Lease with 15 years remaining and 2% annual rent increases, providing predictable income growth.
- The purpose-built automotive service facility may offer investors meaningful cost segregation and accelerated depreciation opportunities.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 6,884 SF Chapel Hill Tire located at 5588 Highgate Drive in Durham, NC. This passive investment features a true Triple Net (NNN) Lease with 15 years remaining term and 2% annual rent increases, providing stable, growing cash flow with minimal landlord responsibilities. Strong demographics, above-average household income, and high vehicle ownership further support durable demand for automotive maintenance and repair services.
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
FOR SALE DETAILS
PRICE
$5,856,000 USD
PRICE/SF
$851 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chapel Hill Tire Co- Durham, NC (Homestead)
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Auto Repair, Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
11
LAND DETAILS
LAND ACRES
0.95 AC
LAND SF
41,382 SF
ZONING
-
APN/PARCEL ID
149681
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
512-201-1707
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
512-201-1707
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
