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Main Street Auto 38 Heritage Park Dr 5,043 SF Retail Building Fletcher, NC 28732 $2,678,582 ($531.15/SF) 6.75% Cap Rate
Investment Highlights
- Strong Corporate Guarantee
- Strong Demographics & Affluent Community
- Brand-New Long-Term Triple-Net (NNN) Lease
- Proximity to Asheville, NC
Executive Summary
Surmount is pleased to present the exclusive listing for a Main Street Auto located at 38 Heritage Park Drive, Fletcher, NC 28732. The site consists of roughly 5,043 rentable square feet of building space on an estimated 0.33-acre parcel of land. This Main Street Auto is subject to a 20-year Triple Net (NNN) lease, which commenced 2/20/2025. The current annual rent is $180,804 and has scheduled increases of 2.00% annually starting 3/1/2031.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,043 SF
Building Class
C
Year Built
2000
Price
$2,678,582
Price Per SF
$531.15
Cap Rate
6.75%
NOI
$180,804
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.33 AC
Zoning
1017098~RC - Retail commercial
Nearby Major Retailers
Property Taxes
| Parcel Number | 1017098 | Improvements Assessment | $266,400 |
| Land Assessment | $108,000 | Total Assessment | $374,400 |
Property Taxes
Parcel Number
1017098
Land Assessment
$108,000
Improvements Assessment
$266,400
Total Assessment
$374,400
Contacts
-
Edward Otocka -
Francis Purritano -
Walker Stevens -
Glen Kunofsky -
Christopher Marks -
Surmount
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Main Street Auto | 38 Heritage Park Dr
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