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131 Westchester Dr 6,656 SF Retail Building High Point, NC 27262 $3,267,745 CAD ($490.95 CAD/SF) 5.75% Cap Rate



Investment Highlights
- 15+ years remain on absolute NNN lease
- 5% increases every 5 years
- Corporate Guaranty from operator of 3,500 service centers
- near major intersection with 52,500 cars/day
Executive Summary
Mavis Tires & Brakes at 131 Westchester Drive, High Point, NC 27262 presents a compelling net-leased investment opportunity in one of High Point’s most active retail corridors. Built in 2021, the ±6,656 SF property sits on approximately .97 acre as a premier outparcel to Publix, offering exceptional visibility and convenient access. The asset is secured by a corporate-guaranteed 20-year absolute NNN lease with 15+ years remaining, providing zero landlord responsibilities. Investors benefit from built-in 5% rent increases every five years, six 5-year renewal options, and current annual rent of $136,500. Positioned along Westchester Drive and near North Main Street, the site benefits from strong traffic counts of approximately 27,500 and 25,000 vehicles per day, respectively. The surrounding trade area features major national retailers including Walmart, Lowe’s, The Home Depot, Starbucks, Chick-fil-A, Chipotle, Staples, and Wells Fargo. The property is also near High Point University and Wake Forest Baptist Health High Point Medical Center, supporting steady daytime traffic and long-term consumer demand. This is an opportunity to acquire a newer-construction, passive investment leased to one of the nation’s largest independent automotive service operators.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,656 SF
Building Class
B
Year Built
2021
Price
$3,267,745 CAD
Price Per SF
$490.95 CAD
Cap Rate
5.75%
NOI
$187,896 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.97 AC
Zoning
C
Parking
25 Spaces (3.76 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0224412 | Improvements Assessment | $2,301,690 CAD |
| Land Assessment | $931,981 CAD | Total Assessment | $3,233,670 CAD |
Property Taxes
Parcel Number
0224412
Land Assessment
$931,981 CAD
Improvements Assessment
$2,301,690 CAD
Total Assessment
$3,233,670 CAD
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131 Westchester Dr
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