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Adams Auto Group 6625 E Independence Blvd 7,249 SF Flex Building Charlotte, NC 28212 $5,635,349 CAD ($777.40 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 6625 E Independence Blvd, Charlotte, NC 28212. The site consists of roughly 7,249 rentable square feet of building space on an estimated 1.45-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 $280,500 and has scheduled increases of 10% every 5 years; 2% annually in the option period.
Property Facts
| Price | $5,635,349 CAD | Rentable Building Area | 7,249 SF |
| Price Per SF | $777.40 CAD | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 2007 |
| Cap Rate | 6.75% | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 19.31/1,000 SF |
| Property Subtype | Showroom | Clear Ceiling Height | 18’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 5 |
| Lot Size | 1.45 AC | ||
| Zoning | B-2 | ||
| Price | $5,635,349 CAD |
| Price Per SF | $777.40 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 6.75% |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | B |
| Lot Size | 1.45 AC |
| Rentable Building Area | 7,249 SF |
| No. Stories | 1 |
| Year Built | 2007 |
| Tenancy | Single |
| Parking Ratio | 19.31/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | B-2 |
Amenities
- Fenced Lot
- Signage
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Electric
Property Taxes
| Parcel Number | 165-143-06 | Improvements Assessment | $1,241,732 CAD |
| Land Assessment | $3,380,796 CAD | Total Assessment | $4,622,528 CAD |
Property Taxes
Parcel Number
165-143-06
Land Assessment
$3,380,796 CAD
Improvements Assessment
$1,241,732 CAD
Total Assessment
$4,622,528 CAD
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Adams Auto Group | 6625 E Independence Blvd
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