1800 S Croatan Hwy - Auto Repair FOR SALE


Kill Devil Hills, NC 27948
$1,440,000 USD
203-887-8797
1800 S Croatan Hwy, Kill Devil Hills, NC for Sale
$1,440,000 USD
Auto Repair - FOR SALE
1/2
null | 6.25% Cap Rate

1800 S Croatan Hwy
Kill Devil Hills, NC 27948


HIGHLIGHTS

  • Brand New 20-Year Absolute Triple Net Sale Leaseback Upon Close of Escrow
  • Ideal Consumer Base for Vehicle Repair Services that Meineke Offers
  • Only Meineke Located Within 85 Miles
  • Strong Guarantor in Etium Automotive Services Investors, LLC
  • Attractive 2% Annual Rental Increases

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Meineke Car Care Center located at 1800 South Croatan Highway, Kill Devil Hills, North Carolina 27948. The site consists of roughly 4800 rentable square feet of building space on an estimated 0.55-acre parcel of land. This Meineke Car Care Center is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $90,000 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$1,440,000 USD

PRICE/SF

$428 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meineke | 20 Year NNN Lease | 2% Annual Incre

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

-

APN/PARCEL ID

004891002

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaNNN Pro GroupMore Info
203-887-8797

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Anthony D'AmbrosiaNNN Pro GroupMore Info
203-887-8797

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.