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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 | 191204608919 | Improvements Assessment | $11,038,131 |
| Land Assessment | $2,814,675 | Total Assessment | $13,852,806 |
PROPERTY TAXES
Parcel Number
191204608919
Land Assessment
$2,814,675
Improvements Assessment
$11,038,131
Total Assessment
$13,852,806
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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