4830 Koger Blvd - Auto Dealership FOR SALE


Greensboro, NC 27407- Outer Northwest I-40 Corridor
$6,830,000 USD
480-221-4221
4830 Koger Blvd, Greensboro, NC for Sale
$6,830,000 USD
Auto Dealership - FOR SALE
1/10
null | 6.75% Cap Rate

4830 Koger Blvd
Greensboro, NC 27407
Outer Northwest I-40 Corridor


HIGHLIGHTS

  • Approximately 17 Years Remaining | Options To Extend | Scheduled Increases | Well Known & Established Tenant
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Recent Stock Surge (NYSE: CVNA) | 500% Increase in the Past Year
  • Accessible Via Interstate 40 (124,000 VPD) | Dense Retail Corridor |Wendover Village Center (5.2M+ Visits)
  • Strong Demographics In 5-Mile Trade Area | Direct Consumer Base Piedmont Triad International Airport

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding Carvana investment property located in Greensboro, North Carolina. The tenant, Carvana, LLC has approximately 17 years remaining with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features increases equal to the lesser of (i) 9.608% or (ii) 1.25x CPI throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$6,830,000 USD

PRICE/SF

$288 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carvana | 17yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

CD-LI

APN/PARCEL ID

0057739

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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