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Adams Auto Group 6027-6125 N Tryon St 12,000 SF 4-Star Retail Building Charlotte, NC 28213 $12,051,111 ($1,004.26/SF) 6.75% Cap Rate
Investment Highlights
- Premier Provider of Quality Pre-Owned Vehicles
- Absolute Triple Net (NNN) Lease with No Landlord Responsibilities
- Strong Reputation in the Carolinas
- Attractive Industry for Investment
Executive Summary
NNN Pro is pleased to present the exclusive listing for an Adams Auto Group & Service Center located at 6027 N. Tryon Street, Charlotte, NC 28213. The site consists of roughly 12,000 rentable square feet of building space on an estimated 10.38-acre parcel of land. This Adams Auto Group & Service Center is subject to a 15- year Triple Net (NNN) lease, which commenced 10/31/2019. The current annual rent is $813,450 and has scheduled increases of 10% every 5 years; 2% annually in the option period.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
12,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2015
Price
$12,051,111
Price Per SF
$1,004.26
Cap Rate
6.75%
NOI
$813,450
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
10.38 AC
Zoning
B2 - Business
Amenities
- Bus Line
- Commuter Rail
- Corner Lot
- Fenced Lot
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 089-231-01 | Improvements Assessment | $1,407,600 |
| Land Assessment | $3,355,700 | Total Assessment | $4,763,300 |
Property Taxes
Parcel Number
089-231-01
Land Assessment
$3,355,700
Improvements Assessment
$1,407,600
Total Assessment
$4,763,300
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Adams Auto Group | 6027-6125 N Tryon St
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