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1934 College Ave
Forest City, NC 28043
MAVIS DBA National Tire & Battery · Retail Property For Sale
Investment Highlights
- Dual Corporate Guaranty – Mavis Tire Express Services Corp. acquired a number of National Tire & Battery locations in 2023.
- The tenant is responsible for all operating expenses including real estate taxes, repairs, roof & structure, insurance, and common area maintenance.
- At the end of the primary term of the lease, the tenant elected to extend the lease for an additional 15 years rather than exercising a 5-Year option.
- This location benefits from a corporate guaranty from TBC Corporation (parent company of NTB) and a new guaranty from Mavis corporate.
- Located in a main retail trade area with Walmart Supercenter, Lowe’s, Aldi, Hobby Lobby, Harbor Freight, and The Tri-City Mall within a 1-mile radius.
- Attractive Rental Increases – The lease benefits from 10% rental increases every 5 years.
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,619 SF
Building Class
B
Year Built
2004
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.77 AC
Zoning
M1
Parking
37 Spaces (5.59 Spaces per 1,000 SF Leased)
Frontage
500’ on College Avenue
Property Taxes
| Parcel Number | 1636176 | Improvements Assessment | $325,000 |
| Land Assessment | $602,000 | Total Assessment | $927,000 |
Property Taxes
Parcel Number
1636176
Land Assessment
$602,000
Improvements Assessment
$325,000
Total Assessment
$927,000
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