Historical Retail Sale Listing - Goodyear Tire Corporate - Single Tenant Net Leased

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Goodyear Tire Corporate - Single Tenant Net Leased

1210 Beaver Creek Commons Drive, Apex, NC 27502

N/A

7,110 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
7,110 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Vehicle Related
Retail (Other)
Retail Pad
Property Use Type:
Net Lease Investment with
8 years left on lease
Cap Rate:
7.50%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2008
Lot Size:
0.90 AC
Listing ID
17570375
Last Updated
over 1 year ago

Highlights

  • Long Term Corporate Lease to Goodyear Tire (NYSE: GT)
  • A+ Location: Out-parcel to Regional Power Center
  • New High Quality Construction in 2008
  • Outstanding Demographics - $125k Avg HH Income within 5 - miles
  • Minimal Landlord Responsibilities - tenant is responsible for taxes, insurance, common area maintenance & utilities

Description

Pegasus Investments, as exclusive investment sale advisor to Seller, is pleased to offer for sale a unique opportunity to acquire a fee simple, single tenant retail outparcel building on a long term NN corporate lease to Goodyear Tire & Rubber Co. (the Property ). The Property is being operated by Goodyear corporate under its Just Tires banner, which specializes in the retail sale of a wide array of consumer brand tires. The Property benefits from tremendous exposure at the intersection of US-64 and Highway 55 in Apex, an affluent suburb of Raleigh-Durham, NC. The immediate trade area boasts a population of over 100,000 people with an average annual household income of $125,000+. Situated as an outparcel to over one million square feet of high quality retail in a regional power center, this 7,100 SF freestanding building offers investors an exceptionally rare opportunity to acquire an institutional quality asset with stable in-place cash flow from a corporate guaranteed lease. The subject property is offered free and clear of existing financing.

The Property is prominently located as an out-parcel to Beaver Creek Commons and adjacent to Beaver Creek Crossing - a one million square foot best in class regional power center anchored by Super Target, Lowe's, Kohl's, Dick's Sporting Goods, TJ-Maxx, PetSmart and Regal Cinemas.

The Property is located in Apex, an extremely affluent suburb of Raleigh, NC. Average household incomes in Apex exceed $125,000 per year. Apex is located 14 miles from downtown Raleigh, 20 miles from Chapel Hill, 22 miles from Durham and 31 miles from Wake Forest. This area of North Carolina, commonly referred to as the Research Triangle, is world renowned for its innovation and high-tech education. The Research Triangle is home to esteemed universities such as Duke, UNC Chapel Hill and Wake Forest.

Map of 1210 Beaver Creek Commons Drive, Apex, NC 27502 (Wake County)

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