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104 Johns Rd
Laurinburg, NC 28352
NAPA Auto Parts · Retail Property For Sale
Investment Highlights
- Corporate guaranteed by Genuine Parts Company, an S&P A- rated Fortune 200 operator with 6,000+ locations.
- Current rent is below market, offering significant mark-to-market and NOI growth potential.
- Passive ownership with landlord responsible only for roof, structure, parking lot, taxes, insurance, and major mechanicals.
- Offered at an 8.0% cap rate, providing above-market entry yield for net lease investors.
- ±3 years 10 months remain on the lease with 1.5% annual increases in the renewal option.
- Located in a densely populated retail corridor with strong co-tenancy and consistent consumer traffic.
Executive Summary
Broker of Record
Gerard Hamas
License # 362768, C42113 (NC)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Gerard Hamas
License # 362768, C42113 (NC)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,144 SF
Year Built
1944
Price
$499,517 CAD
Price Per SF
$81.30 CAD
Cap Rate
8%
NOI
$39,961 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.52 AC
Zoning
B
Frontage
85’ on JOHNS ST
Property Taxes
| Parcel Number | 01-0059-02-003 | Improvements Assessment | $77,198 CAD |
| Land Assessment | $43,236 CAD | Total Assessment | $120,435 CAD |
Property Taxes
Parcel Number
01-0059-02-003
Land Assessment
$43,236 CAD
Improvements Assessment
$77,198 CAD
Total Assessment
$120,435 CAD
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