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Classic Collision 1238 Rauhut St 6,648 SF Retail Building Burlington, NC 27217 $1,828,694 CAD ($275.07 CAD/SF) 6.85% Cap Rate
Executive Summary
Corporate Tenant - Classic Collision, full corporate guarantee, one of the largest privately held collision repair operators (350+ locations) in the U.S., backed by New Mountain Capital
~8 Years Remaining on Initial Term - Lease commenced October 2023, Double Net structure, three five-year renewal options extending occupancy through 2048
Built-In Rent Growth - 10% escalations every 5 years with limited landlord responsibility
Growing Carolina Corridor Market - Burlington MSA, 1.53% annual population growth. Nearly 10% population increase since 2020, positioned between the Piedmont Triad (1.7M) and the Research Triangle at the I-40/I-85 interchange
Strategic Location - Adjacent to Alamance Regional Medical Center (238-bed hospital), one exit off I-40/I-85, along South Church St corridor carrying ~26,000 vehicles/day, near LabCorp global HQ
Recession-Resistant Asset Class - Collision repair demand is accident-driven and insurance-reimbursed, insulating the sector from e-commerce disruption and consumer spending cycles
~8 Years Remaining on Initial Term - Lease commenced October 2023, Double Net structure, three five-year renewal options extending occupancy through 2048
Built-In Rent Growth - 10% escalations every 5 years with limited landlord responsibility
Growing Carolina Corridor Market - Burlington MSA, 1.53% annual population growth. Nearly 10% population increase since 2020, positioned between the Piedmont Triad (1.7M) and the Research Triangle at the I-40/I-85 interchange
Strategic Location - Adjacent to Alamance Regional Medical Center (238-bed hospital), one exit off I-40/I-85, along South Church St corridor carrying ~26,000 vehicles/day, near LabCorp global HQ
Recession-Resistant Asset Class - Collision repair demand is accident-driven and insurance-reimbursed, insulating the sector from e-commerce disruption and consumer spending cycles
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,648 SF
Building Class
C
Year Built
1989
Price
$1,828,694 CAD
Price Per SF
$275.07 CAD
Cap Rate
6.85%
NOI
$125,253 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.81 AC
Zoning
B 2
Frontage
175’ on Rauhut Street
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $364,646 CAD | |
| Land Assessment | $92,106 CAD | Total Assessment | $456,751 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$92,106 CAD
Improvements Assessment
$364,646 CAD
Total Assessment
$456,751 CAD
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Classic Collision | 1238 Rauhut St
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