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Mavis Discount Tire 1013 Lewis St 6,979 SF Retail Building Oxford, NC 27565 $4,285,220 CAD ($614.02 CAD/SF) 5.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Corporate Guarantee
- Proximity to Raleigh-Durham-Cary CSA
- Outparcel to Walmart Supercenter
- Absolute NNN 20-Year Corporate Sale-Leaseback
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Mavis Discount Tire located at 1013 Lewis St, Oxford, NC 27565. The site consists of roughly 6,979 rentable square feet of building space on an estimated 1.44-acre parcel of land. This Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $175,000 and has scheduled increases of 5.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,979 SF
Building Class
B
Year Built
2025
Price
$4,285,220 CAD
Price Per SF
$614.02 CAD
Cap Rate
5.65%
NOI
$242,092 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.46 AC
PROPERTY TAXES
| Parcel Number | 191204611544 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,086,230 CAD | Total Assessment | $1,086,230 CAD |
PROPERTY TAXES
Parcel Number
191204611544
Land Assessment
$1,086,230 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,086,230 CAD
CONTACTS
-
Glen Kunofsky -
Matthew Anuszkiewicz -
Robert Stein -
John McHugh -
Christopher Marks -
Surmount
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Mavis Discount Tire | 1013 Lewis St
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