Log In/Sign Up
Your email has been sent.
Mavis Discount Tire 1307 Chestnut Ln 7,156 SF 100% Leased Retail Building Matthews, NC 28104 $3,460,918 ($483.64/SF) 5.65% Cap Rate
Investment Highlights
- Long-Term NNN Lease
- Strong In-Place Income With Accelerated Rental Increase Structure
- New Construction With Modern Site Design
- Large Freestanding Parcel
Executive Summary
Surmount is pleased to present the exclusive listing for a Mavis Discount Tire located at 1307 Chestnut Lane, Matthews, NC 28104. The site consists of roughly 7,156 rentable square feet of building space on an estimated 1.05-acre parcel of land. Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease, which commenced 7.6.2023. The current annual rent is $195,541 and has scheduled increases of Variable.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
7,156 SF
Year Built
2023
Price
$3,460,918
Price Per SF
$483.64
Cap Rate
5.65%
NOI
$195,542
Percent Leased
100%
Building Height
1 Story
Building FAR
0.16
Lot Size
1.05 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-147-130-B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,325,300 |
Property Taxes
Parcel Number
07-147-130-B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,325,300
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Mavis Discount Tire | 1307 Chestnut Ln
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.