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12200 Herbert Wayne Ct
Huntersville, NC 28078
American Tire Distributors HQ · Office Property For Sale


Investment Highlights
- Mission Critical Corporate HQ
- $17.5M Recent Renovation
- Tight North Charlotte Office Market
- 9 Years, 9 Months Remaining
- Improving ATD Credit Profile
Executive Summary
Northmarq, on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the fee simple interest in the American Tire Distributors Corporate HQ, a 124,336 SF single-tenant office building located in Huntersville, North Carolina (the “Property”). American Tire Distributors operates under an absolute NNN lease through April 30, 2036, providing more than 9.5 years of base term remaining. The lease features 2.00% annual rental increases, four 5-year renewal options, and zero landlord responsibilities, offering investors a passive long-term income stream secured by ATD’s longstanding corporate headquarters facility.
In conjunction with ATD’s long-term lease commitment, the Property underwent a comprehensive $17.5 million renovation in 2022, equivalent to approximately $140/SF, including $10 million funded by the Tenant. The renovation modernized the headquarters environment and further supports the Property’s importance to ATD’s go-forward operations. ATD has occupied the Property since 1994, reinforcing the strategic nature of the location and the Company’s long-term commitment to the asset.
The Property is strategically located in Huntersville, NC, one of the premier suburban communities in the Charlotte region. The surrounding trade area features dense, affluent demographics, with approximately 43,762 residents and average household incomes of $164,613 within a three-mile radius. The Property also benefits from immediate access to I-77, connecting ATD’s employees and clients to major regional thoroughfares including I-40, I-85, and I-485, as well as the broader Charlotte MSA.
In conjunction with ATD’s long-term lease commitment, the Property underwent a comprehensive $17.5 million renovation in 2022, equivalent to approximately $140/SF, including $10 million funded by the Tenant. The renovation modernized the headquarters environment and further supports the Property’s importance to ATD’s go-forward operations. ATD has occupied the Property since 1994, reinforcing the strategic nature of the location and the Company’s long-term commitment to the asset.
The Property is strategically located in Huntersville, NC, one of the premier suburban communities in the Charlotte region. The surrounding trade area features dense, affluent demographics, with approximately 43,762 residents and average household incomes of $164,613 within a three-mile radius. The Property also benefits from immediate access to I-77, connecting ATD’s employees and clients to major regional thoroughfares including I-40, I-85, and I-485, as well as the broader Charlotte MSA.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
124,366 SF
Building Class
B
Year Built
2022
Price
$47,525,644 CAD
Price Per SF
$382.14 CAD
Cap Rate
8.25%
NOI
$3,920,866 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
124,366 SF
Building FAR
0.12
Lot Size
23.84 AC
Zoning
CB - Central Business District
Parking
398 Spaces (3.2 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 017-461-03 | Improvements Assessment | $25,832,660 CAD |
| Land Assessment | $4,252,095 CAD | Total Assessment | $30,084,754 CAD |
Property Taxes
Parcel Number
017-461-03
Land Assessment
$4,252,095 CAD
Improvements Assessment
$25,832,660 CAD
Total Assessment
$30,084,754 CAD
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