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Adams Auto Group 6501 South Blvd 15,620 SF Retail Building Charlotte, NC 28217 $6,574,267 CAD ($420.89 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Premier Provider of Quality Pre-Owned Vehicles
- Absolute Triple Net (NNN) Lease with No Landlord Responsibilities
- Strong Reputation in the Carolinas
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for an Adams Auto Group & Service Center located at 6501 South Blvd., Charlotte, NC 28217. The site consists of roughly 15,620 rentable square feet of building space on an estimated 2.9-acre parcel of land. This Adams Auto Group & Service Center is subject to a 15- year Triple Net (NNN) lease, which commenced 10/31/2019. The current annual rent is $317,900 and has scheduled increases of 10% every 5 years; 2% annually in the option period.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
15,620 SF
Building Class
B
Year Built
1985
Price
$6,574,267 CAD
Price Per SF
$420.89 CAD
Cap Rate
6.75%
NOI
$443,763 CAD
Tenancy
Single
Building Height
2 Stories
Slab To Slab
11’
Building FAR
0.12
Lot Size
2.90 AC
Zoning
B2 - Retail
Parking
200 Spaces (12.8 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Commuter Rail
- Freeway Visibility
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 173-041-73 | Improvements Assessment | $2,182,145 CAD |
| Land Assessment | $3,163,582 CAD | Total Assessment | $5,345,727 CAD |
PROPERTY TAXES
Parcel Number
173-041-73
Land Assessment
$3,163,582 CAD
Improvements Assessment
$2,182,145 CAD
Total Assessment
$5,345,727 CAD
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Adams Auto Group | 6501 South Blvd
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