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Classic Collision- New 10 Year Lease 2 Properties Offered at $2,500,000 in Forest City, NC
INVESTMENT HIGHLIGHTS
- New Ten-Year Triple Net (NNN) Offering with Minimal Landlord Obligations | Low Rent/SF at $8.13
- Recent Acquisition of Operating Business [2024] - Part of Seven-Unit “Absolute Collision” Acquisition
- Fourth Largest Multi-Shop Operator (MSO) in the Industry - Backed by 6th Largest Private Equity Fund in the World (per PEI 300)
- 360 Feet of Frontage on West Main Street - Average Daily Traffic Count of 7,700 Cars Per Day
- Rental Increases Every Five Years Including Options - Three Five-Year Extensions to Renew
- 5 Miles from $650 Million Facebook Data Center Campus - Rutherford County has a population of 67,810 and is centrally located between Charlotte, NC,
EXECUTIVE SUMMARY
The location of this portfolio sale provides 360 feet of frontage on West Main Street . This location includes an average daily traffic count of 7,700 cars per day.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $2,500,000 | Number of Properties | 2 |
| Price / SF | $97.36 / SF | Individually For Sale | 0 |
| Cap Rate | 7.20% | Total Building Size | 25,678 SF |
| Sale Type | Investment NNN | Total Land Area | 1.06 AC |
| Status | Active |
| Price | $2,500,000 |
| Price / SF | $97.36 / SF |
| Cap Rate | 7.20% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 25,678 SF |
| Total Land Area | 1.06 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 947 W Main St, Forest City, NC 28043 | Industrial | 13,076 SF | 1995 | - |
| 935 W Main St, Forest City, NC 28043 | Retail | 12,602 SF | 1948 | - |
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Classic Collision- New 10 Year Lease
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