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Mavis Discount Tire 1013 Lewis St 6,979 SF Retail Building Oxford, NC 27565 $3,097,645 ($443.85/SF) 5.65% Cap Rate
Investment Highlights
- Strong Corporate Guarantee
- Proximity to Raleigh-Durham-Cary CSA
- Outparcel to Walmart Supercenter
- Absolute NNN 20-Year Corporate Sale-Leaseback
Executive Summary
Surmount is pleased to present the exclusive listing for a Mavis Discount Tire located at 1013 Lewis St, Oxford, NC 27565. The site consists of roughly 6,979 rentable square feet of building space on an estimated 1.44-acre parcel of land. This Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $175,000 and has scheduled increases of 5.00% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,979 SF
Building Class
B
Year Built
2025
Price
$3,097,645
Price Per SF
$443.85
Cap Rate
5.65%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.46 AC
Property Taxes
| Parcel Number | 191204611544 | Improvements Assessment | $0 |
| Land Assessment | $786,240 | Total Assessment | $786,240 |
Property Taxes
Parcel Number
191204611544
Land Assessment
$786,240
Improvements Assessment
$0
Total Assessment
$786,240
Contacts
-
Glen Kunofsky -
Matthew Anuszkiewicz -
Robert Stein -
John McHugh -
Christopher Marks -
Surmount
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Mavis Discount Tire | 1013 Lewis St
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