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Mavis Discount Tire 1411 W Corbett Ave 6,979 SF Retail Building Swansboro, NC 28584 $3,043,478 ($436.09/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Corporate Guarantee
- Prime Frontage on Hwy 24
- Outparcel to Grocery Store; Surrounded by Other Major Tenants
- Strong Demographics with Growing Population
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Mavis Discount Tire located at 1411 West Corbett Ave, Swansboro, NC 28584. The site consists of roughly 6,979 rentable square feet of building space on an estimated 0.89-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
$3,043,478
Price Per SF
$436.09
Cap Rate
5.75%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.89 AC
Zoning
B-1
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 050965 | Improvements Assessment | $3,260 |
| Land Assessment | $407,060 | Total Assessment | $410,320 |
PROPERTY TAXES
Parcel Number
050965
Land Assessment
$407,060
Improvements Assessment
$3,260
Total Assessment
$410,320
CONTACTS
-
Glen Kunofsky -
Matthew Anuszkiewicz -
Robert Stein -
John McHugh -
Christopher Marks -
Surmount
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Mavis Discount Tire | 1411 W Corbett Ave
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