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Chapel Hill Tire Co- Durham, NC (Homestead) 5588 Highgate Dr 6,884 SF Retail Building Durham, NC 27713 $8,139,781 CAD ($1,182.42 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Founded in 1953, Chapel Hill Tire operates 13 locations across North Carolina.
- Located less than a 10-minute drive from RTP, a 7,000-acre mixed-use district home to 300+ companies and more than 65,000 employees.
- True Triple Net (NNN) Lease with 15 years remaining and 2% annual rent increases, providing predictable income growth.
- Positioned in the South Durham / Southpoint corridor along I-40, the primary transportation artery connecting South Durham, Chapel Hill, etc.
- Average household income of $122,936 and a population of 128,326 residents within a 5-mile radius.
- The purpose-built automotive service facility may offer investors meaningful cost segregation and accelerated depreciation opportunities.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 6,884 SF Chapel Hill Tire located at 5588 Highgate Drive in Durham, NC. This passive investment features a true Triple Net (NNN) Lease with 15 years remaining term and 2% annual rent increases, providing stable, growing cash flow with minimal landlord responsibilities. Strong demographics, above-average household income, and high vehicle ownership further support durable demand for automotive maintenance and repair services.
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
6,884 SF
Building Class
C
Year Built
2024
Price
$8,139,781 CAD
Price Per SF
$1,182.42 CAD
Cap Rate
6.25%
NOI
$508,736 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.95 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Chapel Hill Tire Co
- Services
- 6,884 SF
- $73.91 CAD
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Chapel Hill Tire Co | Services | 6,884 SF | $73.91 CAD | Triple Net | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 149681 | Improvements Assessment | $920,882 CAD |
| Land Assessment | $1,942,493 CAD | Total Assessment | $2,863,374 CAD |
Property Taxes
Parcel Number
149681
Land Assessment
$1,942,493 CAD
Improvements Assessment
$920,882 CAD
Total Assessment
$2,863,374 CAD
Contacts
-
Will Beightol -
Michael Gonzalez -
Max Freedman -
Sands Investment Group Austin, LLC
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Chapel Hill Tire Co- Durham, NC (Homestead) | 5588 Highgate Dr
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