6040 Kilbart Xing - Auto Repair FOR SALE


Ocean Isle Beach, NC 28469
$3,272,727 USD
404-504-7900
6040 Kilbart Xing, Ocean Isle Beach, NC for Sale
$3,272,727 USD
Auto Repair - FOR SALE
1/8
null | 5.5% Cap Rate

6040 Kilbart Xing
Ocean Isle Beach, NC 28469


HIGHLIGHTS

  • Mavis Tires & Brakes | Leading Tire Supplier
  • New 20-Year NNN Lease with Attractive Escalations | No Landlord Responsibilities
  • Brand New Construction Sold Near Development Cost
  • Located at the Intersection of Kilbart Crossing & Beach Drive SW (8,500 VPD)
  • Population of 19,000+ Within a 5-Mile Radius
  • Wilmington, NC MSA Advantage | MSA Population: 299,289

OVERVIEW

As the exclusive advisor to Ownership, CBRE, Inc. is proud to offer qualified investors the opportunity to acquire, via long-term sale-leaseback, the recently constructed 6,979-square-foot Mavis Tires & Brakes located at 6040 Kilbart Crossing in Ocean Isle Beach, NC (the “Property”). Structured as a NNN lease with no landlord responsibilities, the Property will include a 20-year lease to Mavis Tire Supply LLC (the “Tenant”) with six, 5-year options to renew. The lease will feature a 5% escalation every five years and all renewal options will be subject to the same 5% escalation at each onset.

FOR SALE DETAILS

PRICE

$3,272,727 USD

PRICE/SF

$469 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Tires & Brakes Sale-Leaseback

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

C2M

APN/PARCEL ID

243EC00204

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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Brian PfohlCBREMore Info
404-504-7900

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