Log In/Sign Up
Your email has been sent.
Mavis Discount Tire 1307 Chestnut Ln 7,156 SF 100% Leased Retail Building Matthews, NC 28104 $4,802,439 CAD ($671.11 CAD/SF) 5.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term NNN Lease
- Strong In-Place Income With Accelerated Rental Increase Structure
- New Construction With Modern Site Design
- Large Freestanding Parcel
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Mavis Discount Tire located at 1307 Chestnut Lane, Matthews, NC 28104. The site consists of roughly 7,156 rentable square feet of building space on an estimated 1.05-acre parcel of land. Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease, which commenced 7.6.2023. The current annual rent is $195,541 and has scheduled increases of Variable.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
7,156 SF
Year Built
2023
Price
$4,802,439 CAD
Price Per SF
$671.11 CAD
Cap Rate
5.65%
NOI
$271,338 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.16
Lot Size
1.05 AC
NEARBY MAJOR RETAILERS
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Mavis Discount Tire | 1307 Chestnut Ln
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.